💸 PayPal Adds Cryptocurrencies to P2P Service: A New Era of Digital Transfers
Payment giant PayPal has taken another step in expanding its services by integrating Bitcoin (BTC), Ethereum (ETH), and its own stablecoin PYUSD into its updated P2P transfer system. Now, sending money is as easy as sending a message — regardless of country, currency, or app.
New transfer format: PayPal Links
The key innovation is PayPal Links — personalized one-time links for instant money transfers. A user enters the amount and purpose in the app, receives a unique link, and can share it via SMS, messenger, email, or social media. The recipient opens the link and instantly completes the transaction.
The service is already available in the US and will soon roll out to the UK, Italy, and other countries.
Crypto integration: a step toward the future
Special focus is placed on cryptocurrencies and stablecoins. Users in the US can now directly send Bitcoin, Ethereum, PYUSD, and other digital assets through PayPal and Venmo, as well as to a growing number of global crypto wallets. This effectively moves crypto from being an “alternative asset” to becoming a convenient tool for everyday payments.
Convenience and user protection
The company emphasizes that personal transfers (friends & family) remain exempt from tax reporting under Form 1099-K. This means gifts, reimbursements, or shared expenses will not be subject to unnecessary bureaucracy.
Global expansion
According to Diego Scotti, General Manager of PayPal Consumer Group, “money should follow your conversations.” The combination of PayPal Links and the global PayPal World platform will connect billions of users and digital wallets worldwide, creating a universal ecosystem for P2P transfers and crypto payments.
PayPal & Venmo ecosystem
P2P transfers have long been one of the company’s core services, driving user engagement. In Q2 2025, the volume of P2P payments grew 10% year-over-year, while Venmo showed its fastest growth rate in three years. With the addition of crypto transactions, PayPal is aiming for a new wave of expansion.
How PayPal Links works:
- Create a personalized link in the app.
- Enter the amount and a note (e.g., “for dinner”).
- er the amount and a note (e.g., “for dinner”). Share the link via SMS, DM, email, or chat.
- The recipient clicks the link and instantly completes the transfer.
- Funds are immediately credited to the PayPal balance.
About PayPal
For more than 25 years, PayPal has been transforming global commerce. By creating innovative solutions that make money transfers, purchases, and sales simple, personalized, and secure, PayPal helps individuals and businesses in nearly 200 countries join and thrive in the global economy.
Learn more at paypal.com, about.pypl.com, and investor.pypl.com.
✅ What this means for the market
The integration of cryptocurrencies into mainstream services like PayPal could be a turning point for the entire industry. While digital assets were mostly seen as investments before, they are now becoming practical tools for everyday financial transactions.
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