This PayPal Announcement Excites XRP Army. Here’s Why
Main Idea
PayPal has enabled cryptocurrency payments, including XRP, for U.S. merchants, marking a significant step in crypto adoption and boosting XRP's mainstream utility.
Key Points
1. PayPal now supports over 100 cryptocurrencies, including XRP, for payments by U.S. merchants, with transactions converted to PayPal USD (PYUSD) or fiat dollars.
2. The XRP community sees this as a major milestone for the token's mainstream adoption, leveraging its fast and low-cost transaction capabilities.
3. PayPal's vast network of over 100 million active merchants and 650 million users could significantly increase XRP's transactional volume and real-world use cases.
4. The move follows regulatory clarity in the U.S. from the GENIUS Act, encouraging payment companies to expand crypto services without legal ambiguity.
5. Crypto transactions via PayPal incur a flat 0.99% fee, lower than traditional payment methods, which typically exceed 1.75%.
Description
A breakthrough in crypto adoption is unfolding in the U.S. after global payments giant PayPal announced a new feature enabling merchants to accept over 100 cryptocurrencies, including XRP, as payment. This development, highlighted by crypto analyst X Finance Bull on X, has sent a wave of excitement through the XRP community. The reason is simple: this isn’t a future promise. Adoption is already here. PayPal Enables Crypto Payments for U.S. Merchants PayPal has officially unveiled its new crypto ...
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