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PayPal has announced a major expansion of its peer-to-peer service, adding cryptocurrency transfers to its payment ecosystem. U.S. users will soon be able to send bitcoin, ether, PayPal’s PYUSD stablecoin, and other digital assets across PayPal, Venmo, and compatible crypto wallets worldwide. This marks a significant step in integrating digital currencies into everyday payment flows.
Alongside this rollout, the company unveiled “PayPal Links,” a tool that generates one-time personalized payment links. These links can be easily shared via text, chat, or email, making it simpler for friends and family to send or request money directly within conversations. Importantly, personal transfers — including gifts, reimbursements, and shared expenses — will remain exempt from IRS 1099-K tax reporting, even if crypto is used in the transaction.
The initiative builds on “PayPal World,” a new effort to connect leading digital wallets and payment systems globally. With peer-to-peer payment volumes rising 10% year-over-year in the second quarter, PayPal is doubling down on digital assets as a growth driver, signaling broader ambitions to expand crypto payments for U.S. merchants and beyond.
