PayPal is rolling out a new crypto payment tool that will allow US merchants to receive payments with more than 100 cryptocurrencies.
Payments platform PayPal is set to roll out a new feature for US merchants to accept payments with over 100 cryptocurrencies, targeting overseas transactions and more utility of its own stablecoin.
According to a Monday announcement, businesses will be able to accept Bitcoin (BTC), Ether (ETH), Solana (SOL), USDt (USDT), USD Coin (USDC) and XRP (XRP), among others. The tool integrates with crypto wallets including Coinbase Wallet, MetaMask, OKX, Kraken, Binance, Phantom, and Exodus.
Transactions paid with cryptocurrencies will be automatically converted into PayPal’s stablecoin PYUSD or fiat currency at checkout, allowing merchants to receive crypto payments without dealing with price volatility.
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