PayPal Introduces One-Time Payment Links, Adding Crypto Support in P2P Push

The service goes live in the US and will be extended to the UK, Italy and other markets later this month, the company said in a statement. Crypto support is also on the way, allowing users to send Bitcoin, Ethereum, and PayPal’s own PYUSD across PayPal, Venmo, and other wallets supporting stablecoins.

The launch highlights how digital payments are increasingly folding crypto into mainstream consumer tools. Over the past decade, the rise of peer-to-peer apps has reshaped how money moves between individuals, replacing cash and bank transfers in everyday life. 

Industry leader

Integrating digital assets into these payment tools is another notable example of the way in which crypto has shifted beyond speculative trading toward real-world consumer use. 

PayPal said the new links build on its recently announced PayPal World platform, designed to connect the world’s largest digital wallets. By simplifying the payment process and extending reach to billions of wallets globally, PayPal is positioning P2P as a key driver of engagement across its network.

For the individual 

“For 25 years, PayPal has revolutionized how money moves between people. Now we’re taking the next major step,” Diego Scotti, general manager of PayPal’s consumer group, said in the statement. “Whether you’re texting, messaging, or emailing, now your money follows your conversations.”

Friends-and-family transfers through PayPal and Venmo will remain exempt from 1099-K reporting requirements, meaning personal payments such as gifts and reimbursements will not trigger tax forms.

PayPal is betting that combining the ease of link-based payments with crypto interoperability will help solidify its role in the rapidly growing digital economy, which has increasingly expanded towards consumer-applications.