PayPal Launches PayPal Links With Crypto and P2P Transfers
The PayPal Links feature adds a streamlined peer-to-peer payment option and supports crypto transfers, including Bitcoin, Ethereum, and PYUSD, PayPal’s $1.3 billion-market-cap stablecoin. U.S. users can now send crypto or cash to friends and family using personalized, one-time links, with plans to expand globally later this month.
Key details
- Tax-exempt personal transfers: Gifts, reimbursements, and expense splits between known parties on PayPal and Venmo remain free from 1099-K reporting.
- Crypto support: Send Bitcoin, Ethereum, PYUSD, and other tokens to a growing number of digital wallets.
- Immediate access to funds: Recipients accept the link to release payment instantly.
- Expiration and reminders: Links expire after 10 days; senders can nudge recipients.
How it works
Users create a PayPal Link with a set amount, optional notes, or emojis. The recipient clicks the link and the funds transfer instantly. This improves on PayPal Me by letting senders specify amounts upfront.
Market impact
- P2P payments grew 10% year-over-year in Q2 2025.
- Venmo logged its highest payment volume in three years.
- PayPal aims to connect billions of wallets worldwide.
PayPal has led fintech adoption of digital assets since introducing crypto trading in 2020 and launching Pay with Crypto for merchants in 2023. The new system strengthens its position as a key player bridging traditional finance and crypto.
