PayPal has announced that it will allow businesses to accept transactions in 100 different cryptocurrencies, including Bitcoin, Ethereum, and Solana. This move aims to simplify international payments and enhance the capabilities for merchants using its platform. Through the new feature, known as Pay with Crypto, users can convert their crypto holdings into stablecoins or fiat currencies. Alex Chriss, PayPal's CEO, emphasized the need to alleviate the pressures faced by businesses while expanding globally, particularly around the complexities and costs associated with international transactions. The service rollout seems timely as PayPal seeks to expand its presence in the rapidly growing cryptocurrency sector, further supporting wallets like Coinbase, Kraken, and MetaMask. The announcement signifies PayPal's intent to deepen its crypto services, aligning with the increasing demand for digital currencies among consumers and businesses alike.

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