Odaily Planet Daily reported that according to official news, payment giant PayPal announced the launch of the "Pay with Crypto" function, which provides services to merchants by realizing instant exchange of cryptocurrencies with stablecoins or fiat currencies. This function supports transactions of more than 100 cryptocurrencies and wallets such as Coinbase and MetaMask, and reaches more than 650 million cryptocurrency users worldwide. It is reported that the transaction fee of Pay with Crypto is only 0.99%, which can reduce transaction costs by up to 90% compared with international credit card processing.