PayPal Launches Cryptocurrency P2P Payments
Date: 2025-09-17 Author: Oliver Abernathy Categories: BUSINESS
On September 15, PayPal unveiled its new P2P tool, PayPal Links. With it, users can create unique, one-time links for transferring funds and share them via SMS, email, or messaging apps. In the coming months, the platform will expand support for cryptocurrencies, including Bitcoin, Ethereum, and PYUSD.
PayPal Links complements the existing PayPal Me feature, allowing users to preset transfer amounts, add comments, and track transaction status. A unique feature of the service is that links will be active for 10 days. The tool will initially be available to users in the US, and by the end of the month, in the UK, Italy, and several other countries.
Transfers between PayPal and Venmo users are exempt from Form 1099-K tax reporting, including cryptocurrency gifts, expense reimbursements, and shared spending between individuals.
PayPal has been actively developing its cryptocurrency business since integrating digital assets in 2020. CEO Dan Schulman notes that blockchain and cryptocurrency have the potential to transform the financial system. In 2023, PayPal launched its own stablecoin, PYUSD, which currently ranks 11th among the largest stablecoins with a market capitalization of approximately $1.2 billion.
PYUSD faced regulatory challenges at its launch, with the SEC initiating an investigation into the coin. However, in April 2025, the regulator dropped its claims. Earlier, on July 28, PayPal announced the launch of crypto payments for businesses in the US, expanding the use of digital assets in commercial transactions.
The launch of PayPal Links thus demonstrates the company's commitment to making cryptocurrency transfers more convenient and accessible to a wider audience. This new feature strengthens PayPal's position as a leading player in the fintech industry and opens up new opportunities for using digital assets in everyday life.
