PayPal unveils ‘pay with crypto,’ slashes cross-border fees by 90%

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.