PayPal Launches Pay With Crypto, Expanding Its Push Into Digital Currencies

PayPal has launched a new feature called "Pay with Crypto," allowing its U.S. customers to use their cryptocurrency holdings to make purchases at millions of online merchants. This move is part of PayPal's broader strategy to integrate digital currencies into its platform and make them more accessible for everyday transactions, not just investment purposes. Through this new feature, customers can seamlessly convert their Bitcoin, Ethereum, Litecoin, or Bitcoin Cash holdings into fiat currency, which is then used to complete the purchase. The service is available at no additional cost to PayPal users, and the company has also eliminated transaction fees for crypto payments. This initiative is aimed at driving the mainstream adoption of cryptocurrencies by making them a viable payment option for a wide range of online purchases. It aligns with PayPal's vision of bridging the gap between the traditional financial system and the emerging digital asset ecosystem, catering to the growing demand for crypto-based payment solutions.