PayPal to allow us to accept payment in more than 100 encrypted currencies

Franck Keeler, Executive Vice President, said to raise the fees to 1.5 %, said, ” luck. These fees are less than average average 1.57 % that American companies paid to credit card companies in 2024, according to what he said Nelson report.

“There is a universal look where you can imagine that the world is moving on the series,” said Keeler. “Does this happen overnight?

To settle transactions, PayPal will allow users to connect the current encryption portfolios they own on the exit page. Depending on the buyer’s buyer, Paypal will sell encoded currency on a central stock exchange like Coinbase Or an invoices such as uniswap. The revenues of this sale will be converted to PayPal’s Stablecoin, which will then be converted into US dollars to the merchant.

“Imagine a shopping in Guatemala as he buys a special gift from a dealer in Oklahoma City,” said Alex Chris, president and CEO of PayPal. “Using the open PayPal platform, the coding work can be accepted for payments.”

This step to allow customers to pay companies using Crypto is the latest paypal in digital assets.

Among the Fortune 500, the Fintech giant was the early adoption of encryption. In 2020, Paypal said that American users would be able to buy, sell and process a selection of cryptocurrencies, including Bitcoin and Ethereum. Then he expanded that ability to Venmo.

But during the so -called Crypto winter of 2022, Paypal has reduced its public discourse on encryption. Now, since the encryption markets are rising and the administration of President Donald Trump causes a positive look at digital assets, they are advancing.

In September, it allowed companies to buy, combat and sell encryption from their merchant accounts. Stablecoin Pyusd, launched by the company in 2023, increased the market value of about 70 % since the beginning of the year to about 850 million dollars, according to Co Ringecko.

Paypal plans to expand the ability of merchants to accept Crypto to the customers of the largest institutions in the United States and the world, but a spokesman for the provision of a schedule rejected.