PayPal Enables Cross-Border Merchants to Pay With Cryptocurrency
July 28, 2025 — PayPal has unveiled a new cryptocurrency payment feature designed to simplify and enhance cross-border commerce for merchants of all sizes. The service, branded “Pay with Crypto,” aims to tap into a market valued at more than $3 trillion by facilitating instant conversions from crypto assets to stablecoins or traditional fiat currencies.
Bridging Global Payment Challenges
Cross-border transactions have long posed significant hurdles for businesses, particularly small and medium-sized enterprises (SMBs), independent contractors, and companies operating in emerging markets. These entities often grapple with high costs related to international payments, convoluted integrations, lengthy settlement times that can stretch up to a week, and opaque payment processes involving multiple intermediaries. Such challenges can lead to cash flow constraints and disruptions in supply chains.
PayPal’s new feature seeks to dismantle these barriers. “Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business of every size achieve their goals,” stated Alex Chriss, president and CEO of PayPal, in a company release.
Broad Crypto and Wallet Support
Set to roll out to U.S.-based merchants in the coming weeks, Pay with Crypto will support transactions involving over 100 cryptocurrencies. It will also facilitate payments through popular wallets such as Coinbase and MetaMask. This connectivity offers merchants access to a vast network of over 650 million cryptocurrency users worldwide while helping to lower transaction fees.
The feature complements last week’s launch of PayPal World, a platform that integrates PayPal with five of the largest digital wallets globally, further strengthening the company’s international payment infrastructure.
Cryptocurrency and Stablecoins in Cross-Border Payments
Industry observers have highlighted the burgeoning role of digital assets, particularly stablecoins, in streamlining cross-border payments where traditional banking systems may face limitations. PYMNTS has previously noted how stablecoin-based B2B payments are making inroads in regions like Latin America and Africa, serving as practical solutions to challenges such as currency devaluation, foreign exchange spread costs, and transactional delays.
Platforms like Bitso and Conduit in Brazil and Colombia enable quicker settlements in euros and U.S. dollars, while in Kenya and Ghana, businesses increasingly rely on stablecoins to sidestep the complexities and risks associated with conventional currency conversions. Kirill Gertman, CEO of Conduit, emphasizes the benefits of stablecoins, citing “advantages in instant settlement” that reduce the need for substantial working capital and protect against foreign exchange gain or loss.
Looking Ahead
PayPal’s initiative to integrate cryptocurrency payments into its cross-border services underlines the growing importance of digital assets in global commerce. By facilitating faster, cheaper, and more transparent international transactions, the company aims to empower businesses worldwide to expand their reach without the usual logistical and financial obstacles.
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