PayPal to let US merchants accept over 100 cryptocurrencies, including Bitcoin and Ethereum

In context: Thanks to strong support from the Trump administration, cryptocurrencies are gaining significant momentum in the financial market. PayPal is closely watching this growing interest in crypto and will soon roll out a game-changing update for the entire online marketplace.

Over the next few weeks, PayPal will roll out a new "Pay with Crypto" option. The feature will reportedly allow businesses worldwide to accept more than 100 cryptocurrencies at checkout, though international buyers may face higher fees.

PayPal General Manager of Large Enterprise and Merchant Platform Frank Keller told Bloomberg that the new option will serve the 650 million users participating in the $3 trillion global cryptocurrency market. The goal is to give small businesses an easier way to tap into that growing customer base.

Keller confirmed that "Pay with Crypto" transactions should settle instantly, but they'll launch with a 0.99 percent fee per transaction. Foreign customers ...