How can 650 million users now pay with crypto on PayPal?

PayPal’s "Pay with Crypto" feature, launched in 2025, allows more than 650 million users to pay for purchases using over 100 cryptocurrencies. This blockchain-based settlement system enables US merchants to accept crypto payments while receiving immediate settlements in US dollars or PayPal’s stablecoin, PYUSD.

The service supports seamless crypto-to-fiat conversion, eliminating the price volatility risk for merchants and ensuring a traditional payout experience. This wallet-agnostic feature lets consumers use wallets like Coinbase, MetaMask, Binance, and Phantom to pay directly at checkout without needing to transfer funds into PayPal.

What is PayPal’s Pay with Crypto feature?

It is a crypto payment tool designed to integrate crypto payments effortlessly into the existing PayPal merchant network. Consumers can pay in Bitcoin, Ethereum, Solana, USDC, Tether, BNB, XRP, and others, while merchants receive payments in fiat currency instantly.

This removes the friction commonly associated with crypto payments, such as manual coin swaps and transaction delays.

Did you know?
PayPal’s first corporate payment using its PYUSD stablecoin was made in September 2024 to Ernst & Young via SAP’s digital platform.

How does Pay with Crypto benefit merchants and consumers?

Merchants gain from lower transaction fees of 0.99% during the promotional period through mid-2026 compared to typical card fees. Funds settle quickly, improving liquidity and reducing exposure to crypto market swings.

Consumers enjoy a seamless checkout experience, paying with crypto from their preferred wallets without cumbersome steps or volatility exposure.

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Which wallets and cryptocurrencies are supported?

The system supports popular wallets, including Coinbase Wallet, MetaMask, Binance, Kraken, Phantom, and Exodus. Over 100 cryptocurrencies are accepted, including major coins and stablecoins like PYUSD.

This broad support ensures accessibility for crypto-native users who value wallet self-custody and convenience.

What is PayPal’s vision for crypto payments globally?

PayPal plans to expand its crypto payments ecosystem via the PayPal World digital wallet alliance, connecting wallets across major payment ecosystems worldwide. This aims to enable seamless cross-border crypto payments for nearly 2 billion users.

The collaboration with partners like Fiserv for stablecoin interoperability hopes to deliver real-time programmable payments at scale, bridging Web3 and traditional commerce.

PayPal’s crypto strategy marks a major advance in making digital assets practical for everyday commerce, benefiting merchants, consumers, and the wider Web3 economy.