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PayPal will soon let you “Pay With Crypto.”
It’s launching the new payment method for US-based merchants “in the coming weeks,” allowing them to accept than 100 types of cryptocurrencies, including Bitcoin, Ethereum, and Tether.
PayPal will automatically convert the crypto payments into fiat currency or its PYUSD stablecoin. The company says the option will help merchants avoid the transaction fees that they’d typically face when accepting international payments.
PayPal to Roll Out ‘Pay With Crypto’ Feature for Merchants
[bloomberg.com]
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