“You have globally 650 million users that participate in the $3 trillion market of cryptocurrencies,” said Frank Keller, general manager of large enterprise and merchant platform at PayPal, in an interview with Bloomberg. “We wanted to give small businesses access to this customer base that is growing.”

When someone chooses to pay with crypto, PayPal automatically converts the digital coins into local currency for the seller. This means merchants don't have to handle crypto themselves or worry about price swings since they get paid in dollars or their local money,