Curd payments to PayPal

Paypal will soon allow companies that use the digital payment platform to accept more than 100 types of encrypted currency.

Fintech announced today that it is launching new “Pay“A feature in the coming weeks, allowing traders to accept famous digital currencies such as Bitcoin, Ethereum and XRP. The platform will support transactions from many major encryption wallets, including Coinbase, Metamask and Exodus.

Alex Chris, CEO of PayPal, said the new feature will help companies by accelerating transactions and reducing fees, especially for international purchases.

“Imagine the US -based clothing maker received a request from a person in India to obtain a hand -made dress. They used to worry about long waiting times to receive their money and high profit transactions.” After x (Previously Twitter) Today. “Not anymore. Now they can provide users with the ability to pay using Crypto and receive almost immediate payment.”

When the customer is pushed with Crypto, PayPal will immediately convert the payment either to the traditional currency or its Stablecoin, Paypal usd (Pyusd), and deposit it in the merchant account. Stablecoins are encrypted currencies aimed at maintaining a stable value by linking Fiat currency such as the US dollar or a commodity like gold or silver. Stablecoin is connected from Paypal to US dollars.

Paypal says it will impose a 0.99 % treatment fee on encryption payments, at least until July 31, 2026. This is less than the model credit card processing fees, which range from 1.5 % to 3.5 %According to Nerdwallet – it can be higher for international transactions.

PayPal also promotes to encourage merchants to store their money in Stablecoin 3.7 % in annual rewards On pyusd holdings.

This is the latest in PayPal’s encryption bets. The company first started allowing users to buy and sell cryptocurrencies on its platform in 2020, and launched Stablecoin in 2023.

The current PayPal interest comes in Crypto amid a wave of sulfur policies under Trump’s management. These moves partially pushed Bitcoin to a record level of $ 123,000 on July 14.

Earlier this month, President Donald Trump signed Genius In the law, which introduced some federal regulations on the use of stablecoins. The law requires that Stablecoins be 100 % fully supported by liquid backup assets such as US dollars or short -term cabinet bills, as exporters are required to make monthly public disclosure of their reserve holdings.

It also imposes marketing rules to protect consumers from deceptive claims, prohibiting exporters from noting that the American government is supported by their lies, or the insured is a federal, or is considered a legal tender.