PayPal Goes Full Crypto: Your Wallet Will Cry

by

Payments behemoth PayPal has announced the launch of a new feature that makes it possible for US merchants to accept a slew of cryptocurrencies, including XRP and Solana. 🚀💸

The new feature, which has been dubbed “Pay with Crypto,” will become available in the coming weeks. Because nothing says “I’m modern” like paying for a latte with a token that’s probably going to crash by lunch. ☕💥

PayPal customers will be able to pay with any available cryptocurrency, which will then be automatically converted to PayPal’s PYUSD stablecoin and then the U.S. dollar. Because who needs actual money when you can have a digital version that’s 99% likely to be regulated out of existence? 📉

It will be possible to use Coinbase, MetaMask, Binance, Phantom, Exodus, and other wallets while paying with crypto. Because why trust one wallet when you can have a dozen? 🤷‍♀️

Fixing international payments 🌍

PayPal has touted such key advantages of the new feature as instant settlements and low fees capped at 0.99%. The fee will then increase to 1.5% after a promotional period that will last a year. Because nothing says “we’re helpful” like a hidden price hike. 💸

U.S. businesses will be able to accept payments from customers all over the globe with minimal friction. Because nothing says “global domination” like letting people pay in something that’s not even legal tender. 🌐

PayPal CEO Alex Chriss has noted that international payments are too expensive for US businesses, and PayPal is working to solve this problem. Because nothing says “we’re the solution” like making transactions more complicated. 🤯

That said, it should be noted that the new feature will not be available in New York from the get-go due to the state’s stringent regulatory requirements. Because New York is the only place where even crypto is too risky. 🚫

PayPal’s previous crypto moves 🧠

PayPal entered into crypto back in 2020, helping to fuel the start of a massive bull run, initially allowing US users to buy several cryptocurrencies. Because nothing says “financial innovation” like letting people buy tokens that are basically just digital tulips. 🌸

The payments giant launched its own stablecoin in 2023. PYUSD currently has a market capitalization of over 📈

As reported by U.Today, PayPal previously allowed merchants to buy, sell, and hold digital assets in their business wallets last September. Businesses gained the ability to move their assets on-chain. Because nothing says “trust us” like letting companies play with blockchain. 🧩

Read More

2025-07-28 18:18