PayPal is implementing a new cryptocurrency payment tool that will allow US merchants to accept payments with over 100 cryptocurrencies.
The PayPal payment platform is ready to implement a new feature for US merchants to accept payments with over 100 cryptocurrencies, aimed at international transactions and greater utility of its own stablecoin.
automated send and receive stablecoins, mainly USDC, on the Base network.
Regulatory clarity drives the growth of stablecoins and cryptocurrency payments.
PayPal's new feature comes after the recent approval of the GENIUS Act. This legislation provides a regulated pathway for companies like PayPal to expand their services and integrate stablecoins into their payment infrastructure.
Small businesses around the world are also opening up to cryptocurrency payments. Industries such as food and beverage, retail, travel, e-commerce, and even real estate have begun accepting cryptocurrency payments for their speed and lower costs.
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