PayPal has added support for 100+ cryptocurrencies in the United States

What’s new? Payment company PayPal has launched a new option that will allow small merchants in the United States to accept over a hundred cryptocurrencies for payment, including the largest-capitalization assets like bitcoin and Ethereum, as well as non-standard coins like Donald Trump’s meme coin (TRUMP).

Material by Fortune

What else is known? Any US business that uses PayPal’s online payment processing platform can join the system.

PayPal will charge merchants a 0,99% fee on transactions for the first year and then increase it to 1.5%, executive vice president Frank Keller told Fortune.

Those fees are lower than the average rate of 1,57% that US companies pay credit card issuers in 2024, according to the Nilson Report.

PayPal will allow users to connect their existing crypto wallets to the checkout page. Depending on the buyer’s crypto wallet, PayPal will sell the cryptocurrency on a centralized exchange (CEX), such as Coinbase, or a decentralized exchange (DEX), such as Uniswap.

The proceeds from this sale will be converted into a PYUSD stablecoin issued by PayPal-branded US-regulated fintech company Paxos, which will then be converted into dollars and sent to the seller.

This move for PayPal is not the first initiative for digital assets. The Fortune 500 fintech giant was one of the first to embrace cryptocurrency. So, in 2020, US users were given the opportunity to buy, sell and store cryptocurrencies, including BTC and ETH. This capability was then extended to Venmo’s mobile payment platform.

During crypto winter 2022, PayPal toned down its public rhetoric on cryptocurrencies. Now, however, amid the crypto market rally and the Trump administration taking office, PayPal has stepped up its efforts in this area.

In September, PayPal allowed companies to buy, store, and sell cryptocurrency from their merchant accounts.

According to CoinGecko, the market capitalization of PYUSD, which launched in 2023, has increased by about 70% to $850 million since the beginning of 2025.

PayPal plans to add the option to accept cryptocurrencies for large corporate customers in the US and around the world, but a spokesperson did not give a timeline.

This month, PayPal and Venmo partnered with Mercado Pago, UPI, and Tenpay to launch PayPal World, a global platform that brings together major payment processors and digital wallets to simplify cross-border payments.

Also, former PayPal blockchain chief Jose Fernandez da Ponte has become president and chief development officer of the Stellar Development Foundation (SDF), with PayPal previously announcing the addition of Stellar blockchain support for PYUSD alongside Ethereum, Solana, and Arbitrum.