PayPal Holdings Inc. is doubling down on its crypto push as it announced plans to allow businesses to accept more than 100 cryptocurrencies at checkout, including major tokens like Bitcoin, Ethereum, Tether’s USDT, and Circle’s USDC.
The ‘Pay with Crypto’ feature, which will roll out in the coming weeks, will let customers pay using digital assets from popular wallets such as Coinbase, OKX, Phantom, MetaMask, and Exodus.
Once payment is made, PayPal will instantly convert the crypto into fiat or its own stablecoin, PYUSD, for deposit into the merchant’s account.