PayPal Holdings Inc (NASDAQ:PYPL, ETR:2PP) said on Monday it is launching “Pay with Crypto,” a new service that enables US merchants to accept payments in over 100 cryptocurrencies, including Bitcoin, Ethereum, Tether, and Solana, as part of a broader move to reduce cross-border transaction costs and tap into the expanding digital asset market.
The service, rolling out in the coming weeks, charges a 0.99% transaction fee—significantly below traditional international payment processing costs—and offers instant conversion to fiat or stablecoins.
Merchants can integrate the solution through major crypto wallets such as MetaMask, Coinbase, and Binance.
The initiative comes as PayPal seeks to capitalize on the $3 trillion global cryptocurrency market and a user base it estimates at over 650 million. The company said the new system could cut international payment costs by as much as 90%.
The crypto payment rollout follows the company’s recent unveiling of “PayPal World,” a platform integrating five leading digital wallets to simplify cross-border money transfers.