PayPal Enables Crypto Payments for Small Businesses
PayPal has made a huge digital finance step by announcing that small U.S.-based businesses can now receive payments in more than 100 cryptocurrencies. The step enables retailers to accept crypto by using PayPal as the system.
Customers are able to attach their crypto wallets to a checkout page through which PayPal sells the cryptocurrencies on an exchange such as Coinbase or Uniswap. Such merchants can convert the cryptocurrencies to the PYUSD stablecoin, owned by PayPal, and afterwards to the U.S. dollar.
This way, there is a smooth process of transactions, and businesses are not required to deal with the use of cryptocurrencies directly. One of the biggest trading platforms, Interactive Brokers, is also planning to launch a cryptocurrency initiative.
The founder, Thomas Peterffy, hinted at the possibility of issuing a stablecoin to its customers. It would allow immediate investment in the brokerage account in stablecoins.
Estimated to be worth $10 billion, the firm already offers crypto trading opportunities via its partners, Paxos and Zero Hash. Peterffy was more cautiously optimistic, saying it was difficult to gauge the intrinsic value of crypto. But he admitted it was becoming more and more widely used.
PayPal’s PYUSD Advancement and Increased Payment Support
The project by PayPal is based on its experience with digital assets. In 2020, it allowed people in the U.S. to purchase, sell, and store cryptocurrencies such as Bitcoin and Ethereum.
Later, this feature was extended to Venmo, its mobile payment app. After the crypto market crash in 2022, PayPal reduced its focus on digital assets.
As the crypto markets recover and the regulatory framework, under the administration of President Donald Trump, is friendly, the company is expanding. Its stablecoin PYUSD has expanded considerably now with market capitalization of $850 million, indicating a growth of about 70% since the early this year.
The company is in the process of increasing this crypto payment capacity to bigger U.S. enterprise customers and others worldwide, but no timetable has been given. The CEO of PayPal, Alex Chriss, used the example of a Guatemalan customer shopping at a location in Oklahoma City using crypto to explain the simplicity of this process.
Such adaptability will expand international trade and allow cross-border transactions to be quicker and less costly. Accordingly, PayPal has upgraded its 2025 profit projection to more than the expectations from Wall Street.
The adjusted expected profit per share is now anticipated to be between $5.15 and $5.30, much higher than the $5.10 expected by analysts. The increase is proof that PayPal is concentrating on high-margin companies such as Venmo and U.S. checkout services, which form a huge part of the company’s growth.
Interactive Brokers Plans Stablecoin Issue
Interactive Brokers’ intention to offer a stablecoin is part of the company’s strategy to remain competitive in a changing financial world. The number of accounts the company has grown by 33% year-over-year, reaching 3.7 million as of June 2025.
It has increased by 47% in 2025 compared to the S&P 500 Investment Banking & Brokerage index. This effort of the company to explore stablecoins is a trend in the industry.
Platforms such as Robinhood have issued stablecoins like USDG, brought about through the cooperation with Paxos, Kraken, and Galaxy Digital.
The actions of both companies point to a larger change in the field of finance as blockchain-based assets become more popular. PayPal Chief Jose Fernandez da Ponte said there will be a future where data shifts to blockchain. According to him, that vision will happen slowly, but surely.
Notable Developments Pushing Crypto into Mainstream Finance
There have been other notable and related developments in the crypto market lately. A $2 billion Bitcoin deal was linked to the business empire of Donald Trump. This indicates the rising importance of cryptocurrency in the traditional finance sector.
Also, Binance recently listed the USYC stablecoin owned by Circle. These trends confirm the increasing popularization of cryptocurrencies in traditional finance.
