PayPal вводит криптовалютные переводы в систему P2P-платежей Translation: PayPal introduces cryptocurrency transfers into the P2P payments system

On September 15, the payment powerhouse PayPal unveiled its peer-to-peer (P2P) service. Soon, it will incorporate Bitcoin, Ethereum, and the stablecoin PYUSD.

The new feature is named PayPal Links. This allows users to create personalized one-time links for sending money via the PayPal app, which they can share through SMS, email, or messaging apps.

Transfers between recognized entities within the PayPal and Venmo ecosystems will be exempt from tax reporting under Form 1099-K. This applies to:

The system complements the existing PayPal Me function, which enables users to register personal links and send them to friends for money transfers. PayPal Links will also allow users to pre-set transfer amounts, include text comments, and track transaction statuses.

Links will remain active for 10 days. The feature will initially launch in the United States and will expand to the United Kingdom, Italy, and other countries by the end of the month.

Since the integration of cryptocurrencies in late 2020, PayPal has positioned itself as one of the most proactive fintech players in the crypto industry. CEO Dan Schulman believes that digital assets and blockchain will revolutionize the financial landscape.

In 2023, the payment giant introduced its own stablecoin, PYUSD.

As of this writing, it ranks 11th among the largest stablecoins by market capitalization, standing at $1.2 billion.

During the year of its launch, PYUSD faced regulatory challenges. The SEC initiated an investigation into the coin, but by April 2025, withdrew its claims.

Additionally, on July 28, PayPal announced its launch of cryptocurrency payments for businesses in the U.S.