PayPal is expanding its crypto ambitions, and it will soon allow merchants in the United States to accept more than 100 different cryptocurrencies as payment. The new Pay with Crypto feature moves beyond staples like Bitcoin and Ethereum, and sellers will soon be able to accept payments in meme-tier tokens, including the controversial Trump memecoin and DOGE.
PayPal announced the new Pay with Crypto feature on Monday, and it will be rolling out to U.S. merchants as a pilot in the coming weeks; it will be widely available later this year. When a merchant accepts a payment with one of the accepted cryptocurrencies, PayPal will convert the funds into either fiat currency or the company’s PYUSD stablecoin. Pay with Crypto’s 0.99 percent transaction fee is considerably less than typical credit card processing fees.
The company says it’s all part of its mission to “drive crypto payments into the mainstream.” And in interviews with Fortune and Bloomberg, PayPal leaders said the Pay with Crypto feature is designed to help small merchants, in particular.
PayPal provided Mashable this preview of the new Pay with Crypto feature.
Credit: PayPal
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