CentBit.Online – Crypto & Blockchain Expert, Bangladesh
PayPal is launching a major new feature—“Pay with Crypto”—that enables U.S. merchants to accept payments in more than 100 cryptocurrencies, including Bitcoin, Ethereum, USDT, USDC, XRP, BNB, Solana, and others PYMNTS.com+9CBS News+9PR Newswire+9.
What’s New?
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Instant conversion: Crypto payments are automatically converted into fiat or PayPal’s stablecoin PYUSD, removing volatility concerns for merchants Gizmodo+6Bloomberg.com+6CBS News+6.
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Broad wallet integration: Supports Coinbase, MetaMask, Kraken, Binance, OKX, Exodus, Phantom, and more, tapping into a global audience of over 650 million crypto users PYMNTS.com+3PayPal Newsroom+3PR Newswire+3.
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Lower fees: Fixed transaction rate of 0.99% (through July 31, 2026), compared to 1.5–3.5% for international credit card fees—up to 90% cheaper SiliconANGLE+4PayPal Newsroom+4CBS News+4.
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Fast fund access: Merchants receive funds nearly instantly, improving cash flow and reducing processing delays Bloomberg.com+6Adweek+6SiliconANGLE+6.
Why It Matters
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Global reach: Instantly taps into a multitrillion-dollar crypto market, making cross-border commerce much smoother and more efficient for merchants of all sizes CBS News+4PayPal Newsroom+4PYMNTS.com+4.
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Merchant friendly: Small- and medium-sized enterprises (SMEs) can accept crypto without dealing with volatility, thanks to automated conversion and settlement in fiat or PYUSD.
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Stablecoin synergy: Funds held in PayPal USD (PYUSD) earn up to 4% annual rewards, offering built-in yield when stored on PayPal—further incentivizing merchants to leverage digital assets wired.com+15PayPal Newsroom+15Bloomberg.com+15paypal.com+3SiliconANGLE+3Adweek+3.
Implications for Bangladesh & Regional Markets
Bangladeshi SMEs and cross-border traders may eventually benefit from PayPal’s digital payment innovations—even if the feature initially launches in the U.S.:
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Lower remittance costs: Eventually usable via PYUSD or similar global stablecoins to send funds faster and more affordably.
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Crypto onboarding via PayPal: Enables entrepreneurs to tap into crypto liquidity and consumer demand in global markets.
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Remittance upgrades: Potential to streamline remittance flows and e-commerce using digital assets integrated into payment platforms.
What to Watch
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Rollout timeline beyond the U.S.
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Regulatory compliance—especially in jurisdictions with unstable crypto frameworks
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Integration of PayPal with local digital wallets and fintech solutions
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Potential boost in PYUSD adoption and its role in merchant settlement
Bottom Line: PayPal’s “Pay with Crypto” bridges digital and fiat ecosystems, offering merchants global reach, low-cost settlement, and access to crypto users—making it a pivotal shift in mainstream crypto adoption.
Stay tuned to CentBit.Online for updates on how this development may affect crypto use and cross-border payments in Bangladesh and across South Asia.
