The community states that decreasing commissions saves money and allows access to new markets.
The new PayPal function, Pay with Crypto, will arrive in the coming weeks.
The incorporation of cryptocurrencies as a method of international payment in PayPal for US businesses has unleashed a wave of reactions in the community.
This new function, called Pay with cryhas been received with enthusiasm, and is already perceived as a change in the rules of the game that can challenge giants such as Visa and Mastercard.
Although international payments giants have advanced in the integration of cryptocurrency -related products, PayPal’s commitment represents a qualitative leap. By launching a function that allows direct payments with digital assets in shops, the company well could contribute to the mass adoption of Bitcoin (BTC) and other digital assets.
The content creator of the sector in Colombia, Andrés Meneses, express With forcefulness: «This changes everything. Payments with cryptocurrencies become much more competitive in front of traditional roads, and PayPal’s reach makes it a real threat for visa and mastercard globally ».
«Things are changing, and fast. In a world of global payments with crypto, fluids and without friction, trust and identity are not optional: they are your competitive advantage. Having a unique presence matters, not only for what you offer, but for how they recognize you. That’s where your value proposal lives », He reflected The Brutal.eth pseudonym asset strategist, about the structural change that this represents.
Along the same lines, the 2xnmore account, dedicated to market analysis, highlighted The disruptive potential of the announcement: «This changes the rules of global trade. Reducing international payment commissions by 90% is not just saving, but opening new markets ».
The comment takes place in reference to the fact that, as cryptootics reported, The new PayPal function will apply a fixed commission of 0.99% per transactionwhat the company estimates that it is a saving of up to 90% compared to traditional methods of payments such as credit cards.
«With 650 million crypto users and instant liquidation, ‘Pay with cry‘Connect traditional electronic commerce with the future of decentralized finances. Merchants who integrate early will have a significant competitive advantage, ”said 2xnmore.
From Lucid Labs, a platform specialized in decentralized finance, They underline That this innovation not only changes the payment method, but implies a deep technological transformation.
«This is like moving from a network of payments from the 70s to a programmable money infrastructure. Continuing using the cards of the cards is to continue paying a high price to depend on an old system, ”he said.
The specialist known as “cryptolawyer” He warned that This movement could also mean a challenge for traditional exchanges:
“Now that PayPal Integra Stablecoins, we can no longer say ‘use binance, coinbase or this P2P to receive your payments from abroad.” The competition for exchanges becomes much stronger and more demanding. PayPal has 430 million users, the double that Binance ».
Paypal announced that Pay with cry will be launched in the coming weeks. This function will allow shops to convert cryptocurrencies received in stablcoins or Fíat money. In addition, merchants will be able to keep their income at the Stablecoin Pyusd within PayPal and obtain an annual yield of up to 4%.
The solution is designed to facilitate international trade, connecting regions such as Latin America and the United States. For example, a customer in Guatemala will be able to pay with cryptocurrencies a product in the USA.
