PayPal rolls out 'Pay with Crypto'
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CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.
PayPal will allow US merchants to accept payments in over 100 cryptos, bridging 650 million customers to the $3.9 trillion crypto economy.
The company is relying on a boost from initiatives in crypto-related finance, AI-powered payment tech and connections to international digital wallets, though analysts cautioned geopolitics are hindering momentum.
PayPal now allows crypto payments in 100+ coins with instant fiat conversion, slashing merchant fees and boosting global reach.
PayPal World will link major domestic digital wallets, but legacy constraints could limit its challenge to stablecoins, Decrypt was told.
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'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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