PayPal launches "Pay with Crypto"

[Dave1]

https://newsroom.paypal-corp.com/2025-07-28-PayPal-Drives-Crypto-Payments-into-the-Mainstream,-Reducing-Costs-and-Expanding-Global-Commerce

Paypal has announced it's launch of Pay with Crypto, a service that enables US merchants to accepts crypto payments as it supported 100+ cryptocurrencies. While integrating with digital wallets such Coinbase, as OKX, Binance, Kraken, Phantom, MetaMask, and Exodus.

Bullish news or nah?

[NotATether]

Only if it does not require me to complete KYC at checkout.

As a company, I cannot trust PayPal when it comes to crypto, so let's see how long this lasts.

[Darker45]

Bullish in a sense because it's a huge, familiar, influential financial institution launching a system which supports crypto payments. It's another testament that dispels the doubt of many. It's practically PayPal saying Bitcoin isn't a scam. That's kind of heavy.

Nah in a sense because everything is actually contrary to what Bitcoin basically means. The payment is off-chain, centralized, reversible, facilitated by a third-party, custodial, and so on. If Bitcoin is used this way, then Bitcoin is pointless.

[examplens]

Only if it does not require me to complete KYC at checkout.

As a company, I cannot trust PayPal when it comes to crypto, so let's see how long this lasts.

Is it even possible to have a registered and activated account on PayPal without completing KYC? At some point, linking to a bank account is mandatory to activate a PP account, this is enough for it not to be considered a no-KYC payment method. At least that's how it was a long time ago when I created a PP account.

[Zwei]

nah, fuck paypal.
they are a cancer for fiat payments, i can't imagine they would be any different with crypto payments.

Only if it does not require me to complete KYC at checkout.

As a company, I cannot trust PayPal when it comes to crypto, so let's see how long this lasts.

Is it even possible to have a registered and activated account on PayPal without completing KYC? At some point, linking to a bank account is mandatory to activate a PP account, this is enough for it not to be considered a no-KYC payment method. At least that's how it was a long time ago when I created a PP account.

it's still the same, if you don't link a bank/card to activate your account, it's practically useless.
for the KYC part, i think he meant that if one doesn't need to login or have a paypal account to pay whatever they are paying for with crypto, else it will just be the same shit as bitpay.

[NotATether]

Is it even possible to have a registered and activated account on PayPal without completing KYC? At some point, linking to a bank account is mandatory to activate a PP account, this is enough for it not to be considered a no-KYC payment method. At least that's how it was a long time ago when I created a PP account.

I do not mean PayPal accounts not having KYC. Of course they ask for this information on signup.

I mean buyers, when they try to send bitcoins to the seller using this PayPal Gateway or whatever it's called. I don't want them to get shotgun-KYCed like the other payment processors.

[sunsilk]

Those who are scared to make their own crypto wallets and transactions will have to stick with PayPal.

The very reason that they'll have is, "at least this PayPal, this is trustworthy company". That's what they'll think about it because it's a known payment processor.

They've earned a lot with dust amounts in fiat that are way below their minimum transfer and so, this is for sure another money making machine for them.

[LTU_btc]

PayPal and crypto? Sorry, but big no. PayPal is actually one of biggest opposites to crypto. I'm not talking about things like KYC and centralization - it's already normal for most crypto payment services. More aboutthat PayPal is one of the most  striclty regualted payment services known for reversible payments, random account closures and etc. So, crypto and PayPal looks more like a joke for me.

[Potato Chips]

US company and "US merchants", I'm guessing the experience will probably be similar to bitpay especially in terms of KYC/AML policies. PayPal being a long standing giant in the business, without a doubt has a huge reach, so if asked whether it's bullish or nah, I'd say it is.

In addition, I suppose PayPal will continue to expand their presence in the crypto space, so we will be seeing more of them. On that note, do you all think they could shake Coinbase later down the line—in the US market? 🤔

[Yaunfitda]

US company and "US merchants", I'm guessing the experience will probably be similar to bitpay especially in terms of KYC/AML policies. PayPal being a long standing giant in the business, without a doubt has a huge reach, so if asked whether it's bullish or nah, I'd say it is.

I think everyone will have to go to KYC/AML policies, no doubt as Paypal is a US company. But in any case, it could be good for crypto in the long run, at least we have more merchants and it could set a precedence for all we know.

In addition, I suppose PayPal will continue to expand their presence in the crypto space, so we will be seeing more of them. On that note, do you all think they could shake Coinbase later down the line—in the US market? 🤔

For sure there will be challenges for Coinbase, so base on that, who knows, maybe this competition will force Coinbase to be more proactive or at least give us better service to stay on top. Otherwise, there will be a lot of players in the future that will go with this billion dollar nice and compete.

[examplens]

I mean buyers, when they try to send bitcoins to the seller using this PayPal Gateway or whatever it's called. I don't want them to get shotgun-KYCed like the other payment processors.

PP, I remembered that they often know how to block accounts and funds. I don't see how they could be attractive from that side. Their main advantage is that they have a huge number of clients and are present in a large number of countries, and this is a serious potential. By implementing cryptocurrencies, they are just trying to take part in the emerging market.

[SFR10]

Only if it does not require me to complete KYC at checkout.

As a company, I cannot trust PayPal when it comes to crypto, so let's see how long this lasts.

Considering that the image in the OP shows PayPal has integrated different wallets into the Pay with Crypto processor, I believe depending on the buyer's choice, they may or may not have to complete KYC at the checkout ^{[e.g., AFAIK, Exodus doesn't require KYC (only their partners ask for this when doing certain things in their wallet)]}. Regardless of that, due to how they normally operate, I wouldn't trust them either, since they can quickly change their stance on their services.

[The Cryptovator]

Paypal has announced it's launch of Pay with Crypto, a service that enables US merchants to accepts crypto payments as it supported 100+ cryptocurrencies. While integrating with digital wallets such Coinbase, as OKX, Binance, Kraken, Phantom, MetaMask, and Exodus.

Bullish news or nah?

I don't think it's bullish. Because PayPal has their own system or algorithm to make a payment. Payment will be similar to a fiat transaction. They aren't going to implement on-chain transactions anyway, which means they aren't adapting cryptocurrency. Even when they added Bitcoin, it was the same. Only could purchase Bitcoin from their wallet and make off-chain transactions. So this isn't really helpful for the crypto industry.

Since the US is adopting cryptocurrency directly, we don't need PayPal to allow users to make payments to merchants. Rather, merchants, if they want to accept crypto payments, could do it by themselves. The government will not prevent them from accepting crypto payments. When merchants choose crypto payment options, then it will be really bullish and adaptive as well.

[LeGaulois]

Don't you see how they're connecting the dot? You may have severals companies behind, but their goal is the same. That's why you can wonder why there are companies like coinbase, kraken, and co, and that you can think "euh, wait, they're both opposite".
They're not so opposite, they share something together, they have a common goal together, so they work together

[Synchronice]

Paypal has announced it's launch of Pay with Crypto, a service that enables US merchants to accepts crypto payments as it supported 100+ cryptocurrencies. While integrating with digital wallets such Coinbase, as OKX, Binance, Kraken, Phantom, MetaMask, and Exodus.

Bullish news or nah?

So, does this mean that will we be able to pay on eBay with crypto? I mean, since they allow US merchants to accept crypto payments, then PayPal should be able to let eBay's US customers to pay with crypto, right? But it's another task whether eBay accepts that offer or not.
If eBay lets US customers to pay with crypto through eBay, then this will be a very bullish news because if eBay does that, then I'm sure that eBay's competitors will do that too. In any way, it's a very good news for cryptocurrencies but if what I said doesn't happen, then I think that it will most likely have a neutral effect on the market.

[Z-tight]

Since the US is adopting cryptocurrency directly, we don't need PayPal to allow users to make payments to merchants. Rather, merchants, if they want to accept crypto payments, could do it by themselves. The government will not prevent them from accepting crypto payments. When merchants choose crypto payment options, then it will be really bullish and adaptive as well.

The difference is that in real life, depending on the location, it will be very difficult to find a merchant who accepts BTC or crypto payments. People who already have crypto in their paypal balance can make use of this feature, that is the only way i can see people using this, not that anyone should even be holding their crypto in paypal. And since the crypto would be converted immediately to fiat and everything happens offchain, this is not really an interesting news.