PayPal Brings Crypto Payments to the Mainstream, Slashes Global Transaction Costs

Pay with Crypto offers near-instant settlements, simplified international payments, and up to 90% savings on transaction fees

SAN JOSE, Calif., July 28, 2025 – Companies around the globe face significant hurdles in international trade—ranging from steep fees to outdated banking systems. Today, PayPal is reshaping the cross-border payment landscape by launching Pay with Crypto, a groundbreaking solution that connects merchants with leading cryptocurrencies, digital wallets, and a global customer base—all while reducing transaction fees by up to 90%.

With Pay with Crypto, merchants gain access to a $3 trillion+ market, supporting over 100 cryptocurrencies and wallets such as Coinbase, MetaMask, and others. The system enables seamless conversion of crypto to fiat or stablecoins, giving businesses more flexibility and a competitive edge. With fees as low as 0.99%, this service significantly undercuts traditional international credit card charges.

“Growing globally shouldn’t come with excessive costs and complexity,” said Alex Chriss, President and CEO of PayPal. “Imagine a customer in Guatemala purchasing a unique item from a seller in Oklahoma. With our platform, the business can accept crypto, access faster settlements, reduce fees, and even earn rewards by storing proceeds in PYUSD on PayPal.”

PayPal’s unified approach to digital and fiat currency supports both customers and merchants. U.S.-based businesses can now accept crypto with ease, send affordable payments to global freelancers and vendors using PYUSD, and benefit from added incentives like a 4% yield when holding PYUSD with PayPal (as of today’s rate).

Recently, PayPal also announced a partnership with Fiserv to support broader adoption of stablecoins globally. Last week’s launch of PayPal World—an initiative connecting five top digital wallets under one ecosystem—marks a bold step toward redefining global money movement.

“We’re removing the barriers of cross-border payments,” Chriss added. “This is about building an inclusive, accessible, and low-cost commerce system that works for everyone—from freelancers to global enterprises.”

What Pay with Crypto Offers:

• Access to a global crypto user base of over 650 million
• Support for 100+ cryptocurrencies including BTC, ETH, USDT, USDC, BNB, XRP, SOL, and more
• Compatibility with top wallets like Binance, Kraken, OKX, Phantom, Exodus, and many others
• Instant conversion from crypto to fiat or stablecoins
• Competitive transaction fees (0.99% until July 31, 2026)

Important Notes for Users:

• Regulatory Oversight: New services in New York require approval from the NYDFS; approval is pending for this product.
• Security Responsibility: Users must safeguard private keys or use trusted custodians. Loss of access may lead to permanent loss of funds.
• No Insurance Protection: Digital assets including PYUSD are not covered by FDIC or SIPC protections.
• Third-Party Dependence: PayPal and Paxos do not control blockchain performance and are not liable for disruptions.
• Stablecoin Redemption: Only authorized parties can redeem PYUSD for USD directly at 1:1; others may be subject to market conditions.
• Regulatory Changes: Availability and legality of digital asset services may change due to evolving laws.
• Irreversible Transactions: Crypto transactions are final once recorded on the blockchain.
• Service Interruptions: Services may be suspended due to illegal activity, technical issues, or other factors outside PayPal’s control.
• Forward-Looking Information: Product features and expansion plans are subject to change and carry risk.

About PayPal USD (PYUSD)

PYUSD, issued by Paxos Trust Company, is a fully backed, dollar-pegged stablecoin. Reserves are held in USD, U.S. Treasuries, and similar equivalents. PYUSD can be transacted on PayPal and Venmo at a fixed rate of $1.00 per token.

About PayPal

For over 25 years, PayPal has driven innovation in digital commerce. Operating in nearly 200 markets, it continues to deliver secure, personalized, and seamless solutions for individuals and businesses to send, spend, and manage money globally.