PayPal Links Enable P2P Crypto Payments for BTC ETH & PYUSD
PayPal has launched PayPal Links, a peer-to-peer (P2P) crypto payment feature for its 278 million US customers. The service lets users generate one-time, personalized payment URLs within the PayPal app, shareable via SMS, email or direct messages. Unclaimed links expire after 10 days and can be canceled or reminders sent anytime.
The new PayPal Links feature removes 1099-K reporting for friends-and-family transfers, easing tax concerns for gifts and reimbursements. Starting later this year, PayPal Links will support Bitcoin (BTC), Ethereum (ETH) and its native stablecoin PYUSD. Recipients can claim funds instantly into their PayPal balance, with future compatibility planned for Venmo and external crypto wallets.
Tied into PayPal World—a platform for seamless cross-border and cross-app payments—PayPal Links aims to boost digital asset adoption. With PYUSD’s market cap at $1.27 billion, the update simplifies crypto transfers via everyday messaging. Traders can leverage PayPal Links to streamline crypto inflows, potentially increasing on-chain activity and trading volumes.
Bullish
PayPal Links’ rollout simplifies crypto transfers and removes tax reporting hurdles, likely boosting short-term liquidity and trading volume for Bitcoin, Ethereum and PYUSD. The 1099-K exemption lowers user friction, attracting more individuals and small merchants to use crypto in daily communications. In the long term, compatibility with Venmo and integration into the PayPal World cross-border network will drive broader digital asset adoption, sustaining demand and underpinning a bullish outlook for these tokens.