PayPal Drives Crypto Payments into the Mainstream, Reducing Costs and Expanding Global Commerce
SAN JOSE, Calif., July 28, 2025 — In a groundbreaking move poised to reshape global commerce, PayPal today announced the launch of Pay with Crypto, a new service designed to integrate cryptocurrency payments seamlessly into mainstream business operations. This innovation enables merchants worldwide to access a vast cryptocurrency market while reducing transaction fees by up to 90%, promising near-instant settlement and effortless international transactions.
Breaking Barriers in Cross-Border Commerce
Businesses conducting international transactions have traditionally faced enormous challenges, including high fees and complex banking processes. With Pay with Crypto, PayPal simplifies these hurdles by connecting merchants to a market exceeding $3 trillion, facilitating instant conversion between cryptocurrencies, stablecoins, and fiat currencies.
Supporting over 100 cryptocurrencies and popular digital wallets such as Coinbase and MetaMask, the platform leverages PayPal’s global reach — including a growing base of more than 650 million crypto users — to expand merchant revenue opportunities worldwide.
Alex Chriss, President and CEO of PayPal, emphasized the transformative impact of the service:
“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.”
He illustrated the user experience:
“Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City. Using PayPal’s open platform, the business can accept crypto payments, increase their profit margins, pay lower transaction fees, get near-instant access to proceeds, and grow funds stored as PYUSD at 4% interest when held on PayPal.”
A Unified Platform Connecting Fiat and Digital Payments
Pay with Crypto represents a significant step forward in fulfilling PayPal’s mission to integrate digital currencies into a unified commerce platform. The solution offers consumers diverse payment options and enables merchants to:
- Accept cryptocurrency payments efficiently
- Attract a larger and more varied customer base
- Earn rewards on funds held as PayPal USD (PYUSD), PayPal’s regulated U.S. dollar-backed stablecoin
- Send faster, low-cost payments to freelancers and vendors internationally
Recently, PayPal also announced a strategic partnership with financial services provider Fiserv to expand the use of stablecoins globally, further driving efficient business transactions.
Chriss added, “Last week, we launched PayPal World, our global partnership bringing together five of the world’s largest digital wallets on a single platform. By enabling seamless cross-border crypto payments, we are breaking long-standing barriers in global commerce. These innovations don’t just simplify payments—they drive merchant growth, expand consumer choice, and reduce costs. This is the future of inclusive, borderless commerce, and we’re proud to lead it.”
Coverage and Availability
Pay with Crypto will soon be available to U.S. merchants and supports payment options covering approximately 90% of the $3+ trillion crypto market capitalization. Among the accepted cryptocurrencies are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- XRP
- Binance Coin (BNB)
- Solana (SOL)
- USD Coin (USDC)
Compatible wallets include Coinbase, OKX, Binance, Kraken, Phantom, MetaMask, and Exodus, with plans for further expansion.
The new payment method features a transaction fee rate of 0.99% until July 31, 2026, representing a significant reduction compared to traditional international credit card processing costs combined with currency conversion fees.
Important Disclosures and Regulatory Considerations
While Pay with Crypto offers promising advantages, users should consider several important factors:
- PayPal has yet to secure approval from the New York State Department of Financial Services (NYDFS) for this service.
- Using digital assets and stablecoins such as PYUSD involves operational, security, and regulatory risks. Users must safeguard private keys and remain aware that transactions on blockchain networks are irreversible.
- PYUSD is backed 1:1 by U.S. dollar deposits and U.S. Treasuries but is not insured by FDIC or SIPC.
- Regulations governing digital assets continue to evolve and may impact availability and service continuity.
About PayPal USD (PYUSD)
PayPal USD (PYUSD) is a regulated stablecoin issued by Paxos Trust Company, LLC, a licensed entity under NYDFS. PYUSD can be bought, sold, and held through PayPal and Venmo platforms at a 1:1 ratio with the U.S. dollar, with reserves held in secure cash equivalents and U.S. Treasuries.
About PayPal
For over 25 years, PayPal has been revolutionizing global commerce by creating secure, simple, and personalized experiences for moving money, selling, and shopping. Serving consumers and businesses in around 200 markets worldwide, PayPal continues to innovate and empower participation in the digital economy.
For more information, visit: paypal.com, about.pypl.com, and investor.pypl.com.
Media Contact:
PayPal Media Relations
[email protected]
This press release contains forward-looking statements that involve risks and uncertainties, which could cause actual results to differ materially. Please review all applicable terms and conditions before using PayPal’s crypto services.