Workflow
PayPal allows U.S. merchants to accept payment in more than 100 cryptocurrencies: CNBC Crypto World
CNBC Televisionยท2025-07-28 21:20

Market Trends & Adoption - Major cryptocurrencies experienced slight declines at the beginning of the week, with Bitcoin and Ether both dipping about 0.5% [2] - A Gallup poll indicates that 14% of US adults own Bitcoin or other cryptocurrencies, with ownership among US investors rising from single digits in 2021 to 17% currently [6][7] - PayPal is rolling out a service allowing US merchants to accept over 100 cryptocurrencies for payments, aiming for cheaper and faster cross-border transactions [4] Company Initiatives & Developments - PayPal's new feature, "pay with crypto," connects customer crypto wallets and charges a 0.99% transaction fee, potentially decreasing transaction costs by up to 90% compared to international credit card processing [5] - Sharplink is increasing its efforts to buy ETH as part of a crypto treasury strategy, driven by the belief that Ethereum will become the global financial infrastructure foundation [10][11][12] - Consensus is positioning MetaMask to transform decentralized finance and has exciting news coming soon for its Lineia layer 2 ecosystem, including a token generation event [18][19] Regulatory Landscape & Concerns - Democratic senators are probing the Federal Housing Finance Agency (FHFA) regarding proposals to allow unconverted crypto assets in mortgage loan underwriting, citing concerns about volatility [8][9] - The senators are requesting information from the FHFA regarding its decision-making process to assess the potential risks and benefits to the order and the implications for the housing market [8][9] - Regulators are doing great things for the industry recognizing that America is in a world-leading position [23]