PayPal just made crypto payments way easier and cheaper. With yesterday’s launch of Pay with Crypto, the online payment service now brings crypto payments to global merchants and their customers, slashing cross-border fees by up to 90% and enabling near-instant settlement.
It marks PayPal’s boldest step yet in bringing crypto into everyday commerce, as merchants can now reach over 650M crypto users. So if crypto wasn’t mainstream before, it is now.
But it’s not just the crypto wallets it supports (like MetaMask, Coinbase, and Binance) that stand to benefit. It’s naturally excellent news for all the best crypto wallets. As new users start spending crypto seamlessly, they’ll likely want more control over your digital assets.
Best Wallet supports over 1K assets, soon across 60 blockchains, making it a go-to option for managing crypto in one secure haven amid increased demand.
Pay with Crypto Connects Merchants to $3T Crypto Market
Pay with Crypto gives merchants direct access to the $3T+ crypto market by enabling instant conversions from crypto to stablecoins or fiat.
By offering a low 0.99% transaction rate, it becomes far cheaper than traditional credit card networks.
In the US, credit card processing fees for merchants typically range from 1.10% to 3.15% per transaction. As such, a merchant selling a $100 product would typically pay $1.10 to $3.15 in credit card processing fees.
However, with Pay with Crypto, those costs drop to just $0.99, resulting in a 90% savings on the high end of conventional rates.
Another benefit is that it rewards merchants who hold proceeds in $PYUSD (its US-backed stablecoin, held on the Stellar blockchain) with an annual yield of up to 4%. By doing so, it incentivizes businesses to accept crypto and grow their treasury in stable, interest-earning dollars.
‘Imagine a shopper in Guatemala buying a special gift from a merchant in Oklahoma City. Using PayPal’s open platform, the business can accept crypto for payments, increase their profit margins, pay lower transaction fees, get near instant access to proceeds, and grow funds stored as PYUSD at 4% when held on PayPal.’ – PayPal CEO, Alex Chriss.
With crypto going mainstream, having more control over all your digital assets across chains is vital. Best Wallet does precisely that.
Get Best Wallet to Safely Manage Your Crypto Assets
Best Wallet is a multi-chain, non-custodial crypto wallet that gives you complete control over your digital assets, without sacrificing privacy or security.
Unlike custodial wallets that keep your keys for you, non-custodial means only you have access to your private keys and thus complete control over your digital assets.
Best Wallet also doesn’t require KYC verification, so you don’t need to give up your data, making it our #1 anonymous crypto wallet.
Meanwhile, support for over 1K assets across 60 chains makes it a powerful all-in-one app for exploring, trading, and managing your crypto portfolio.
It also ensures the best rates and lowest fees when moving assets across networks, thanks to its Cross-Chain Swap feature that gives you access to over 330 decentralized exchanges and 30+ bridges.
There’s a lot to look forward to, too. Look at Best Card, for instance. Soon, you’ll be able to use the crypto debit card to spend your digital assets easily while on the move.
Read our Best Wallet review to see what else is in store.
And all will be achieved without compromising security. Best Wallet uses Fireblocks Multi-Party Computation (MPC) technology to protect your keys and allow you to create secure cloud backups. As a result, it removes the need for traditional seed phrases.
This alone is a major win. This year, over $2.1B in crypto has been stolen through private key breaches, which makes the tech a critical safeguard.
For the full Best Wallet experience, however, you’ll want to snag some $BEST. Holding the wallet’s native token unlocks lower transaction fees, staking rewards (currently at a sizable 94% APY), governance rights, and early access to the best crypto presales.
Given its benefits, it’s no wonder it has already scooped up $14.3M on presale. Prominent players in the space are fueling its price surge, with three individual investors spending $49.5K, $25K, and $18.7K on $BEST individually.
PayPal Boosts Crypto Adoption, Best Wallet Brings Security
The future of payments appears to be fast, borderless, and powered by crypto – thanks to PayPal’s latest feature.
However, as Pay with Crypto brings more users into the Web3 world, Best Wallet mitigates any associated risks.
To make the most of Best Wallet’s extensive capabilities, you can purchase $BEST for just $0.025405.
Once new app developments (like Best Card) are launched, it’s anticipated to hit $0.072. Therefore, there’s no better time to join the presale for possible gains surpassing 183%.
We’re not financial advisors. Always do your own due diligence and never spend more on crypto than your piggy bank allows.