Payment services provider PayPal will allow merchants to accept Bitcoin and other cryptocurrencies, a first for the company.

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PayPal rolls out crypto payments for U.S. merchants, supporting over 100 tokens with lower fees than credit cards.

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PayPal will charge merchants a promotional fee of 0.99% on transactions for the first year and then up the charge to 1.5%, Frank Keller, an executive vice president, told Fortune. Those fees are less ...