"Using PayPal's open platform, the business can accept crypto for payments, increase their profit margins, pay lower transaction fees, get near instant access to proceeds," PayPal CEO Alex Chriss explained. Funds held as PYUSD, PayPal's USB-backed stablecoin, earn 4% annually.

The fintech company announced today that it’s rolling out a new “ Pay with Crypto ” feature in the coming weeks, allowing merchants to accept popular digital currencies like Bitcoin, Ethereum, and XRP. The platform will support transactions from several major crypto wallets, including Coinbase, MetaMask, and Exodus.