PayPal Don Launch Crypto Checkout Tool: Over 100 Tokens, 0.99% Fee
PayPal don launch im crypto checkout tool for US merchants (except New York), weh go allow business dem accept over 100 cryptocurrencies like BTC, ETH, SOL, USDC, USDT and XRP. Dis checkout tool fit join with big wallets like Coinbase Wallet, MetaMask, OKX, Kraken, Binance, Phantom and Exodus. When customer pay wit crypto, e convert sharp sharp at checkout into PYUSD stablecoin or fiat money. Dis one dey protect merchants from price wahala and e go boost stablecoin payment. De service dey charge 0.99% transaction fee, wey lower pass normal card rates. Using PYUSD for cross-border payment (market cap don rise 80% YTD to $894 million), PayPal wan make global crypto payment dem easy. Dis launch follow same kain tins wey Stripe and Coinbase don do, and e fit stablecoin clarity under GENIUS Act. E go increase competition for merchant crypto payments inside retail, e-commerce, travel and real estate sector dem.
Bullish
Di launch wey PayPal do for dia crypto checkout tool plus how e go turn am automatically to PYUSD stablecoin fit make PYUSD demand go high as merchants go start use am for their payments. For short term, di low 0.99% fee plus di volatility protection go make more businesses waka come, shut up PYUSD transaction volume and market attention. For long term, when e link up well wit big wallets and di matter clear for law under di GENIUS Act, e fit make PYUSD hold strong position for global stablecoin payments, make liquidity and network effects better. Dis move to compete wit other stablecoin options dey show say better tin dey come.