PayPal to offer crypto payments to U.S. small merchants

PayPal announced U.S. merchants using its online payments platform can now accept more than 100 cryptocurrencies by letting buyers connect their existing crypto wallets at checkout, according to Fortune Crypto. Transactions will be sold on exchanges into PayPal’s PYUSD stablecoin and then converted into dollars for merchants at a promotional fee of 0.99% for the first year, rising to 1.5% thereafter.