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HomeCryptoBitcoinPayPal Expands Crypto Services With New P2P Payment Features

PayPal Expands Crypto Services With New P2P Payment Features

PayPal introduces direct cryptocurrency transfers between users, adding Bitcoin, Ethereum, and PYUSD support to its peer-to-peer payment system within the PayPal app.

PayPal has unveiled a significant expansion of its cryptocurrency services, allowing U.S. users to send and receive digital assets directly through its peer-to-peer payment system. The payment giant will integrate Bitcoin (BTC), Ethereum (ETH), and its stablecoin PYUSD into the core PayPal app experience.

Enhanced Digital Asset Transfers

The new functionality comes as part of PayPal’s broader ‘PayPal World’ initiative, which aims to connect major digital wallets and payment networks globally. Users will have the ability to transfer cryptocurrencies between PayPal accounts, Venmo, and compatible external wallets. This integration marks a significant step toward mainstream crypto adoption, moving beyond simple trading and investment features.

The company has introduced ‘PayPal Links,’ a feature that enables users to generate personalized payment links for sending or requesting funds. These links work seamlessly across text messages, chat applications, and email platforms. The service will first launch in the United States before expanding to the United Kingdom, Italy, and other international markets.

Shaping the Future of Digital Payments

This expansion builds on PayPal’s previous crypto initiatives, including the ‘Pay with Crypto’ feature launched earlier this year. That service already allows U.S. businesses to accept payments in over 100 cryptocurrencies. With P2P transactions showing strong momentum – consumer payment volume increased 10% year-over-year in Q2 – PayPal’s enhanced crypto offerings position the company to capture growing demand for digital asset transfers.

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