TL;DR
- PayPal’s new service lets merchants accept over one hundred digital assets.
- The company instantly converts crypto into fiat for all merchants.
- Merchants receive stable value, avoiding exposure to crypto market volatility.
PayPal introduces Pay with Crypto, a service that lets merchants accept more than one hundred digital assets and settle each sale in fiat or PYUSD. The company presents the feature as a bridge between established payment rails and the growing use of digital currencies. May Zabaneh, head of crypto at PayPal, explained the model during an interview and outlined the operational changes now active across the platform.
Merchants process payments through familiar checkout flows while they receive funds in a currency they control. PayPal handles the conversion. The process reduces processing costs and widens access to a global user base. The company reports hundreds of millions of active accounts, many of which already hold digital assets across various wallets. Pay with Crypto links those users to merchants without extra technical steps.
Zabaneh stated that the feature aligns with PayPal’s effort to expand utility inside retail payments. Customers move crypto balances almost instantly and complete purchases without leaving the PayPal environment. They gain a new use for their holdings, and merchants incorporate a broader range of payment methods without infrastructure upgrades.
PayPal amplifies digital payments through new Pay with Crypto
The system operates with PYUSD, PayPal’s stablecoin, which anchors settlement flows for merchants that prefer on-chain options. The company positions PYUSD as a tool for faster reconciliation while keeping accounting stable due to its peg design. The approach keeps a clear division between digital asset movement on the front end and stable value on the back end.
Pay with Crypto also shortens the distance between digital wallets and standard checkout procedures. Users select a supported cryptocurrency, confirm the amount, and authorize payment. PayPal converts the crypto into the selected settlement currency. Merchants receive cleared funds without exposure to market volatility because the conversion occurs at the moment of payment authorization.
Zabaneh underlined that the service opens an operational path for both sides of the transaction. Merchants cut expenses and reach a wider audience. Customers obtain a direct way to spend crypto without external exchanges or manual conversions.
