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PayPal, the leader in electronic payments, has announced the launch of a game-changing feature called "Pay with Crypto," which allows merchants in the United States to accept $XRP alongside a range of prominent cryptocurrencies such as Bitcoin#bitcoin (BTC), Ethereum#Ethereum (ETH), and Solana (SOL). This step, which will begin in the coming weeks, is a strong push for the adoption of cryptocurrencies in global e-commerce.
Customers will be able to use digital wallets like #Binance to make instant payments in XRP and others, as these currencies are automatically converted to PayPal's stablecoin PYUSD and then to US dollars to facilitate settlement for merchants. This process features competitive fees of 0.99% during the promotional year, rising to 1.5% afterward, with savings of up to 90% compared to traditional credit card fees.
This move is a significant achievement for XRP, known for its speed and efficiency in cross-border payments, enhancing its position as an innovative financial tool. However, the service will not initially be available in New York due to local regulatory requirements.
This phase confirms the shaping of the future of payments, opening new horizons for both merchants and consumers.
