☕ Crypto Newsletter Vol. 22 | PayPal Unlocks Cryptocurrency Payments for Small and Medium-Sized Businesses!

In July 2025, PayPal announced a new service called "Pay with Crypto," which allows small and medium-sized businesses in the United States to accept payments in over 100 types of cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).

What kind of service is "Pay with Crypto"?

This new feature makes it easy for businesses to accept cryptocurrency payments from customers. Specifically:

• Supports major currencies such as Bitcoin, Ethereum, and Solana

• Compatible with wallets like Coinbase, Kraken, and MetaMask

• Payments are automatically converted into stablecoins (such as PYUSD) or fiat currency (such as the dollar)

• Enables instant transaction processing

What are the benefits?

PayPal CEO Alex Chriss explained that this "lowers the hurdles for companies struggling with the costs of international payments and complex system implementation."

For small and medium-sized businesses, the benefits include:

• Lower transaction fees

• Immediate access to sales funds

• Earning 4% annual interest by holding funds as PYUSD

• Coverage of over 90% of all cryptocurrencies for payment

The trajectory of PayPal's cryptocurrency strategy

PayPal began its cryptocurrency services in 2020, offering buying, selling, and storage functions. However, initially, it was not possible to send funds to external wallets, which limited its practicality.

In 2023, they announced their own stablecoin, "PYUSD," which also became available for use in the international remittance service "Xoom." Now, with the arrival of Pay with Crypto, full-scale business adoption is beginning.

Additionally, a new global platform called "PayPal World" is planned for this autumn, and a vision to connect wallets around the world into a single network is also moving forward.

What is the future outlook?

PayPal's moves can be said to be one step closer to the "democratization of finance", which enhances the practicality of cryptocurrency. If cross-border payments become smoother, the scope of business should continue to expand further in the future.

PayPal's stock price has risen by nearly 5% recently, and the market seems to be reacting positively to this move. As other major payment companies may follow suit in the future, this is likely to further accelerate the adoption of cryptocurrency.

Thank you for reading until the end today as well♪
Please look forward to the next issue of the "☕ Crypto Newsletter"!