PayPal is introducing “PayPal Links,” a new peer-to-peer (P2P) payments feature aimed at streamlining money transfers, with plans to soon integrate Bitcoin, Ethereum, and stablecoin payments.
This system allows users to create personalized, one-time payment links with preset amounts, notes, and emojis, offering more flexibility than the existing PayPal Me. Links expire after 10 days if unclaimed, and senders can send reminders.
Crucially, PayPal confirmed that this feature will soon support major cryptocurrencies and its PYUSD stablecoin, enabling transfers to a wide range of digital wallets and strengthening its position in the crypto space.
A significant advantage for crypto users is that P2P payments between known parties on PayPal or Venmo will be tax-exempt, avoiding 1099-K forms for personal transfers like gifts or reimbursements—a win for crypto lobbyists. PayPal intends for this feature to connect “billions of wallets worldwide,” launching first in the U.S. before expanding to the UK and other global markets.
The company reported a 10% increase in P2P payments in Q2 2025, with Venmo seeing its highest payment volume in three years.
PayPal’s PYUSD stablecoin, launched in 2023, has grown to become the 11th-largest stablecoin with a $1.3 billion market cap and now powers its “Pay with Crypto” feature for small businesses. PayPal shares are currently trading around $67.11, with a market cap of $65 billion.
Image Credit: Pixabay
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