PayPal Ushers in a New Era of Peer-to-Peer Payments with Ethereum and Bitcoin
6 hours ago
- #Peer-to-Peer Payments
- #Crypto Payments
- #PayPal
- PayPal introduces PayPal links, a new way to send and receive money through personalized, one-time links.
- Initial rollout in the U.S., with expansion to the UK, Italy, and other markets later this month.
- Crypto integration coming soon, allowing users to send Bitcoin, Ethereum, PYUSD, and more via PayPal's P2P flow.
- Friends-and-family transfers through Venmo and PayPal remain exempt from 1099-K reporting.
- PayPal links simplify payments by allowing users to create, share, and manage payment links via text, DM, email, or chat.
- Recipients can instantly access funds once the payment is accepted via the PayPal app.
- PayPal World enhances interoperability, connecting PayPal and Venmo to billions of wallets globally.
- P2P payments saw 10% year-over-year growth in Q2, with Venmo achieving its highest TPV growth in three years.