PayPal has made a major move in the crypto world, not just with a payment update but with a bold step reshaping the global financial landscape. The company has upgraded its crypto platform to let businesses accept payments in over 100 digital currencies, from Bitcoin to Solana, while integrating with top wallets like MetaMask, Binance, Coinbase, and Kraken for smooth, widespread usage.
Every crypto transaction is automatically converted to U.S. dollars or PayPal’s stablecoin, PYUSD, with a low 0.99% fee—surprising many with its affordability. This shift aims to slash cross-border transaction costs by up to 90%, tapping into the $3 trillion crypto economy and reaching 650 million active users worldwide.
The upgrade includes support for external wallet transfers and a major push for PYUSD, which was launched in 2023 and is now powered by the high-speed Solana blockchain. By 2025, PayPal plans to roll out PYUSD globally across its vast payment networks, including Hyperwallet.
For businesses, the benefits are clear: reduced fees, near-instant access to funds, and yields up to 4% on PYUSD balances. With crypto payment demand rapidly growing, small and mid-sized enterprises now have access to new revenue opportunities in the expanding digital economy.
Read more: PayPal and Coinbase Strengthen Partnership to Drive PayPal USD Stablecoin Adoption
