Key Takeaways:
PayPal now enables U.S. merchants to accept over 100 cryptocurrencies, including Bitcoin, Ethereum, and niche tokens like TRUMP and Fartcoin.
Promotional transaction fees start at 0.99%, undercutting average credit card rates and boosting crypto adoption.
The rollout is part of PayPal’s broader push to integrate digital assets into mainstream commerce.
PayPal has launched a new feature allowing small and medium-sized U.S. merchants to accept payments in over 100 cryptocurrencies. This includes popular assets like BTC and ETH, as well as novelty tokens, all processed through PayPal’s online payments platform. With lower fees than traditional credit cards and seamless integration, the move is expected to reshape how businesses interact with digital currencies.
Merchants Embrace Crypto: Seamless Integration, Lower Fees
PayPal’s new crypto payment tool is designed for ease and affordability. Merchants using the platform can now accept a wide range of tokens with a promotional transaction fee of just 0.99% for the first year, significantly lower than the 1.57% average credit card fee in 2024. After the first year, fees will rise modestly to 1.5%, still keeping crypto payments competitive. This cost-effective model could encourage thousands of businesses to explore digital assets as a viable payment method.
Expanding the Crypto Ecosystem: From BTC to Fartcoin
The diversity of supported tokens is striking. Alongside major players like Bitcoin and Ethereum, PayPal’s platform includes meme coins and experimental assets, reflecting the evolving nature of the crypto landscape. This inclusive approach not only caters to mainstream users but also opens doors for niche communities and emerging projects. By offering such a broad spectrum, PayPal positions itself as a gateway to the decentralized economy.
What This Means for Crypto Adoption
This rollout marks a pivotal moment in bridging traditional finance with Web3. As more merchants begin accepting crypto, consumer usage is likely to follow. Analysts expect this move to accelerate adoption across retail and e-commerce, especially among younger, tech-savvy demographics. With PayPal’s reach and infrastructure, crypto payments could soon become a standard option at checkout.
