PayPal to Integrate Cryptocurrency Into New Peer-to-Peer App Payments
PayPal’s new integration allows users to send Bitcoin, Ethereum, and PYUSD through its peer-to-peer platform, enhancing the firm’s cryptocurrency services.
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Fact Check
The evidence strongly supports the statement. Direct information from PayPal's website confirms support for peer-to-peer (P2P) cryptocurrency transfers and a 'new PayPal app'. A case study from ENS details a September 2024 integration to enhance P2P crypto payments on PayPal and Venmo. Furthermore, a 2025 technology review explicitly states that PayPal supports cryptocurrency payments via its integrated wallet, corroborating the integration into its P2P services.
Summary
PayPal has announced an expansion of its peer-to-peer service, enabling users in the U.S. to send Bitcoin, Ethereum, PYUSD, and other digital assets across PayPal, Venmo, and compatible wallets. This update also introduces PayPal links for easy money transfers in everyday communication. The company’s initiative builds on 'PayPal World,' aiming to connect major digital wallets and payment systems globally.
Terms & Concepts
- P2P Payment: A peer-to-peer payment system enables users to transfer funds directly to one another through a digital platform without intermediaries.
- Crypto Integration: The process of incorporating cryptocurrency transaction capabilities within an existing payment or financial application.
- PYUSD: PayPal USD (PYUSD) is a U.S. dollar-pegged stablecoin issued by PayPal for payments and transfers within its ecosystem.
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