PayPal will launch an option for businesses to accept cryptocurrency payments 🤯🤯

This option will be available in the coming weeks and will allow merchants to accept cryptocurrencies such as Bitcoin, Ethereum, Tether's USDT, and Circle's USDC.

Bloomberg — PayPal Holdings Inc. (PYPL) will soon allow businesses to accept over 100 cryptocurrencies at the time of payment.

This option will be available in the coming weeks and will allow merchants to accept cryptocurrencies such as Bitcoin, Ethereum, Tether's USDT, and Circle's USDC from wallets like Coinbase, OKX, Phantom, MetaMask, and Exodus. When a consumer pays with cryptocurrencies, the funds are automatically converted to fiat currency or PayPal's stablecoin PYUSD for deposit into the merchant's account.