PayPal has announced a new payment option allowing U.S. merchants to accept over 100 cryptocurrencies, including Bitcoin, Ethereum, and niche tokens like Trump's memecoin and Fartcoin. Merchants will face a promotional fee of 0.99% for the first year, increasing to 1.5% thereafter, which is lower than the 1.57% average fee from credit card companies in 2024. CEO Alex Chriss emphasizes the potential for blockchain integration, marking a significant strategic expansion for the fintech giant.
PayPal has announced a new payment option allowing U.S. merchants to accept over 100 cryptocurrencies, including Bitcoin, Ethereum, and niche tokens like Trump's memecoin and Fartcoin. Merchants will face a promotional fee of 0.99% for the first year, increasing to 1.5% thereafter, which is lower than the 1.57% average fee from credit card companies in 2024. CEO Alex Chriss emphasizes the potential for blockchain integration, marking a significant strategic expansion for the fintech giant.