PayPal Allows U.S. Merchants to Accept Payments in Over 100 Cryptocurrencies

According to Fortune, PayPal has announced the launch of a new payment service for small and medium-sized businesses in the United States, supporting acceptance of over 100 cryptocurrencies, including Bitcoin and Ethereum. The service will be offered through PayPal's online payment processing platform, with a transaction fee of 0.99% in the first year, and adjusted to 1.50% from the second year onwards. During the transaction settlement process, users can connect their existing cryptocurrency wallets to the payment page, and the system will convert the cryptocurrency to the stablecoin $PYUSD through Binance or a decentralized exchange, and then convert it to USD for payment to the merchant. [ChainCatcher]