PayPal has just taken a major step forward in embracing cryptocurrency as part of its core payment ecosystem. In a recent announcement, the company revealed that U.S. users will soon be able to send and receive various digital assets — including Bitcoin (BTC), Ethereum (ETH), PayPal’s own PYUSD stablecoin, and more — across PayPal, Venmo, and compatible crypto wallets around the world.
This expansion highlights PayPal’s growing commitment to integrating digital currencies into everyday financial transactions, making it easier for users to leverage crypto in daily life.
U.S. Users Can Now Send Crypto Across PayPal, Venmo, and Global Wallets
With this update, PayPal is bridging the gap between traditional payment services and blockchain-based assets. Users in the U.S. will have the ability to send crypto to friends, family, and businesses, both domestically and internationally, using their PayPal or Venmo accounts.
The integration with third-party crypto wallets also means users are no longer limited to PayPal’s closed system — a major step toward interoperability in the crypto space.
One of the most consumer-friendly aspects of this rollout is that personal peer-to-peer transfers — such as gifts, reimbursements, or splitting a bill — will not trigger IRS 1099-K tax reporting, even if the payment is made using cryptocurrency.
Introducing “PayPal Links” for Easy One-Time Payments
In addition to crypto transfers, PayPal has also launched PayPal Links, a simple tool that lets users create one-time, personalized payment links. These can be shared easily through text, chat, or email — streamlining the process of requesting or sending money without needing to open an app or log into a website.
This feature is designed to fit into natural conversations, making it easy for users to settle debts, collect for group expenses, or send money gifts on the fly.
The combination of PayPal Links and crypto transfers makes PayPal’s peer-to-peer tools more flexible and modern — aligning with how people actually communicate and share money today.
A Broader Vision: “PayPal World” and the Future of Crypto Payments
These updates are part of a larger initiative called PayPal World, an ambitious effort to connect top digital wallets and global payment systems. With peer-to-peer volumes growing by 10% year-over-year in Q2, PayPal is betting on digital assets as a core driver of future growth.
The company also signaled plans to expand crypto payments to U.S. merchants and international markets, pushing digital currency further into the mainstream.
As PayPal doubles down on crypto integration, it’s becoming clear that the line between traditional money and digital assets is quickly disappearing — and PayPal wants to be at the forefront of that transformation.
