Core Insights - PayPal's "Pay with Crypto" service aims to simplify cross-border transactions for businesses, reducing transaction fees by up to 90% and connecting merchants to a $3+ trillion market [1][2][3] - The service supports over 100 cryptocurrencies and wallets, enhancing revenue opportunities for merchants and tapping into a global user base of more than 650 million crypto users [1][3] - PayPal's integration of crypto and digital currencies into its platform is designed to drive global growth for merchants and provide diverse payment options for consumers [2][3] Company Overview - PayPal has launched "PayPal World," a global partnership that integrates five major digital wallets, fundamentally changing how money moves internationally [3] - The company empowers U.S. merchants to accept crypto payments, improve efficiency, and attract customers while offering rewards for holding PYUSD [2][3] - PayPal USD (PYUSD) is fully backed by U.S. dollar deposits and can be traded at a rate of $1.00 per PYUSD [6] Market Context - The cross-border payment market is characterized by high fees and complex banking systems, leading to significant annual losses for businesses [1][2] - PayPal's "Pay with Crypto" addresses these challenges by enabling near-instant settlements and lower transaction costs compared to traditional credit card processing [1][3] - The service is expected to cover 90% of the $3+ trillion crypto market cap, offering a wide range of cryptocurrencies for transactions [3]