PayPal Launches Payment Links with Crypto Support in U.S. and Upcoming Global Rollout
According to PayPal, U.S. users will soon be able to send and receive Bitcoin, Ethereum, and PYUSD directly within its app, as part of its PayPal World initiative.
According to PayPal’s official announcement, the company will expand its peer-to-peer payment system to support Bitcoin, Ethereum, and its stablecoin PYUSD, allowing users to transfer crypto directly within the PayPal app. The update will connect PayPal and Venmo accounts, as well as external wallets. Alongside this, PayPal introduced PayPal Links, enabling users to create personalized links for requesting or sending funds via text, chat, or email. The rollout is part of PayPal’s PayPal World initiative, which aims to integrate digital wallets and payment networks globally. The company highlighted strong momentum in P2P transactions, with consumer payment volume rising 10% year-over-year in Q2. This follows the July launch of its Pay with Crypto feature, which allows U.S. merchants to accept over 100 cryptocurrencies with low fees and instant conversions.
- PYUSD: PayPal USD, a U.S. dollar-pegged stablecoin issued by PayPal, designed for payments and transfers within its ecosystem.
- P2P (Peer-to-Peer) Payments: Direct transfers of digital assets or funds between users without intermediaries; in PayPal’s case, through its centralized platform with added crypto support.