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PayPal Adds Support for 100+ Cryptocurrencies in the U.S.
What happened?
Payment giant PayPal (NASDAQ:PYPL) has launched a new feature that allows small businesses in the U.S. to accept over 100 different cryptocurrencies as payment — including major coins like Bitcoin and Ethereum, as well as niche tokens like Donald Trump’s meme coin (TRUMP).
What else is known?
Any U.S.-based business using PayPal’s online checkout system can opt into the service.
PayPal will charge merchants a 0.99% fee on crypto transactions during the first year, rising to 1.5% afterward, PayPal Executive Vice President Frank Keller told Fortune.
According to Nilson Report, these rates are lower than the 2024 average of 1.57% paid by U.S. companies to credit card issuers.
Users will be able to link existing crypto wallets at checkout. Depending on the buyer’s wallet, PayPal will sell the crypto through either a centralized exchange (like Coinbase (NASDAQ:COIN)) or a decentralized exchange (like Uniswap).
The proceeds will be converted into PYUSD, a stablecoin issued by Paxos, a regulated U.S. fintech firm operating under the PayPal brand, then converted to U.S. dollars and sent to the merchant.
This move is not PayPal’s first foray into digital assets. In 2020, the company allowed U.S. users to buy, sell, and hold cryptocurrencies (BTC, ETH), later expanding the offering to Venmo.
During the 2022 “crypto winter,” PayPal scaled back its public crypto initiatives. But with the 2025 crypto market rally and Trump’s return to political relevance, PayPal is now reinvigorating its crypto strategy.
In September, PayPal allowed businesses to buy, hold, and sell crypto directly from their merchant accounts.
According to CoinGecko, the market cap of PYUSD (launched in 2023) has risen by about 70% in 2025, reaching $850 million.
PayPal also plans to enable crypto acceptance for large enterprise clients in the U.S. and globally, although no timeline was provided.
This month, PayPal and Venmo partnered with Mercado Pago, UPI, and Tenpay to launch PayPal World — a unified global payment platform integrating major payment systems and crypto wallets to simplify cross-border transactions.
Meanwhile, José Fernandez da Ponte, PayPal’s former Head of Blockchain, has become President and Chief Development Officer of the Stellar Development Foundation (SDF). Earlier, PayPal also announced Stellar blockchain support for PYUSD, alongside Ethereum, Solana, and Arbitrum.
See also: "Fabian Dori: A Wave of Payment Stablecoins Is About to Sweep the World"
