PayPal now allows crypto payments in 100+ coins with instant fiat conversion, slashing merchant fees and boosting global reach.

PayPal now lets US merchants accept over 100 cryptocurrencies with near-instant settlement and low fees. The move follows stablecoin-friendly legislation and growing competition from Coinbase and Stripe.

PayPal World will link major domestic digital wallets, but legacy constraints could limit its challenge to stablecoins, Decrypt was told.

PayPal USD (PYUSD) is issued by Paxos Trust Company and is backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal says the stablecoin is rolling out to U.S ...

PayPal's stablecoin launched to a lot of fanfare, but thus far it has had tepid adoption from both traders and shoppers. Called PYUSD, the stablecoin has a market capitalization of about $44 million, according to the first transparency report from Paxos, which is issuing PYUSD. That compares to ...

PayPal's launch of its stablecoin showcases the company’s focus on becoming a crypto payment giant and aims to make PYUSD a key part of its payment infrastructure.

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PayPal will allow US merchants to accept payments in over 100 cryptos, bridging 650 million customers to the $3.9 trillion crypto economy.