PayPal will roll out a new “Pay with crypto” option to its range of payment options for merchants. The company revealed the development in a Monday announcement. The feature was expected to come eventually, as PayPal has been ramping up its efforts in crypto adoption for customers of late.

The payment services company will allow businesses to accept 100 cryptocurrencies, including Bitcoin and Ethereum. Users will be able to convert their crypto holdings to stablecoins or fiat. Furthermore, the service will support several top crypto wallets, including Kraken, MetaMask, and Coinbase.

“Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business of every size achieve their goals,” Alex Chriss, PayPal’s president and CEO, said in a statement. “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 when held on PayPal.”

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As mentioned previously, PayPal has been advancing its crypto initiative over the last year. Just last week, the payment platform launched PayPal World, a partnership that brought some of the world’s biggest digital wallets onto its platform. According to the company’s announcement, Pay with Crypto on PayPal will be available to U.S. merchants in the coming weeks.

On Monday, the crypto market rose 0.56% to $3.92 trillion. The 24-hour trading volume in the market is up over 42% to $174.23 billion at press time, with investors likely excited about PayPal’s update and being in a state of FOMO.