PayPal Allows US Merchants To Accept over 100 Cryptocurrencies

July 28, 2025, PayPal officially launched “Pay with Crypto”, enabling every US-based merchant to accept cryptocurrencies. The platform supports over 100 cryptos, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL). Businesses can now receive crypto payments and convert them instantly into fiat or PayPal’s own stablecoin, PYUSD.

This update positions PayPal as a major on-ramp for real-world crypto usage. With 278 million US users, this move brings crypto payments to the forefront of everyday commerce.

Tech, Conversion Mechanism & Features

PayPal’s system is designed for seamless merchant adoption. Paypal payment with cryptocurrencies are instantly converted to stablecoins or fiat, removing concerns around price volatility. Additionally, promotional transaction fees start as low as 0.99%, a massive cut compared to credit card fees that range between 2–3%.

The initiative follows PayPal’s gradual crypto rollout—beginning with crypto purchases in 2020, and expanding business account access in September 2024. This latest leap offers businesses a full-stack solution without needing blockchain knowledge or custom wallets.

Adoption Impact and What’s Ahead

This development bridges TradFi and crypto. Businesses no longer need to choose between fiat reliability and digital asset innovation. Settlement happens instantly, and stablecoin options like PYUSD or USDC ensure regulatory alignment.

Crypto communities reacted with excitement. Some investors described it as the “early 2000s PayPal moment—again” for crypto. Experts anticipate a surge in transaction volume, particularly among smaller merchants who now find crypto more accessible.

Looking ahead, this could force rivals like Stripe and Square to integrate similar services. While challenges such as regulation and volatility persist, PayPal’s move marks a turning point in crypto’s transition from speculative asset to usable currency in the real economy.