PayPal unveils ‘pay with crypto,’ slashes cross-border fees by 90%
Main Idea
PayPal has launched 'Pay with Crypto,' enabling global merchants to accept over 100 cryptocurrencies and reducing cross-border transaction fees by up to 90%, which has positively impacted its stock price.
Key Points
1. PayPal's new feature 'Pay with Crypto' supports crypto-to-fiat checkout with platforms like Coinbase and MetaMask.
2. The feature aims to simplify transactions for consumers and merchants while cutting cross-border fees by up to 90%.
3. PayPal's stock rose to $78.22, and its market cap reached $936.6 million following the announcement.
4. The broader crypto market saw a slight dip, with Bitcoin trading down 0.31% at $118,637.05.
5. PayPal's move signals growing institutional confidence in blockchain-powered solutions despite recent declines in PYUSD's market cap.
Description
PayPal will now support crypto-to-fiat checkout with Coinbase, MetaMask, and more, cutting cross-border fees by 90%.
Latest News
- Is Pudgy Penguins a good investment in 2025?2025-07-30 20:41:59
- Strategy’s $2.46B Bitcoin buy brings total holdings to 628K BTC!2025-07-30 19:07:15
- XRP’s $2.46B Open Interest flush sets stage for bullish rebound2025-07-30 17:07:43
- XDC jumps 11% as volume surges – Can it break $0.115 next?2025-07-30 15:15:25
- ‘It’s a new day’: SEC approves in-kind redemptions for spot Bitcoin, Ethereum ETFs2025-07-30 13:24:20