PayPal Introduces P2P ‘PayPal Links’ With Future Crypto Integration
PayPal has introduced a new P2P feature called "PayPal links," allowing users to send and request payments through shareable links. This service will soon support cryptocurrencies, enabling cross-border, instant P2P transactions from digital platforms.
- The service is live, but the exact date for full crypto support is yet to be announced.
- Bitcoin, Ethereum, [PYUSD](https://holder.io/coins/usdt/), and others will receive direct integration shortly.
Previously, PayPal launched a "Pay with Crypto" service allowing US merchants to accept payments in over 100 cryptocurrencies. The "PayPal links" and "Pay with Crypto" services offer quick settlement globally, but with market-specific restrictions.
- "Pay with Crypto" focuses on B2C transactions, offering savings for merchants using PYUSD.
- "PayPal links" targets P2P transactions, which may not be taxable depending on local laws.
PayPal continues its commitment to cryptocurrency integration by expanding the availability of its PYUSD stablecoin. Initially on Ethereum and Solana, it recently extended to the Arbitrum network.
PayPal aims to enhance its P2P and B2B markets, increasing industry adoption of its stablecoin by 2025. The company plans to integrate PYUSD with 20 million small and medium-sized businesses while boosting individual user adoption.