PayPal has revealed plans to add Bitcoin and other crypto assets to its new peer-to-peer (P2P) payment feature inside the PayPal app.
The company revealed the update in a press release today, confirming that it is part of a broader push to make sending and receiving money faster, easier, and more global. Interestingly, the latest move follows the launch of PayPal World two months back.
PayPal to Introduce PayPal Links
Per the recent press release, the first phase of the rollout starts with PayPal Links, a feature that lets users create personalized one-time payment links directly from the app.
Notably, people can share these links in a text, email, or chat, making it simple to request or send money without switching platforms.
According to PayPal, the service goes live for U.S. users today, with plans to expand to the UK, Italy, and more countries in the weeks ahead. PayPal believes this will help attract new users and make payments easier across apps and borders.
Bitcoin and Crypto Support Coming
Interestingly, the bigger change comes in the second phase. For this phase, PayPal confirmed it will also integrate crypto directly into its P2P payment flow, letting U.S. customers send and receive assets like Bitcoin, Ethereum and more.
Launching today: PayPal links 🚀
Send and receive money as easily as sending a message–just share a one-time link by text, DM, or email.
Live now in the US, and more markets soon.
Coming next: crypto support for peer-to-peer via the PayPal app—including Bitcoin, Ethereum,… pic.twitter.com/H3ZDGUBGiS
— PayPal (@PayPal) September 15, 2025
Also, transfers will extend to Venmo and an expanding network of digital wallets around the world that support crypto and stablecoins.
Speaking on the development, Diego Scotti, PayPal’s Consumer Group General Manager, stressed that the company sees this as the next chapter in its 25-year journey of improving how money moves.
He explained that PayPal wants payments to feel as natural as a conversation, whether through texts, emails, or social platforms, while still presenting the speed and security customers expect.
The company also reassured users about privacy and compliance. Specifically, friends-and-family transfers on PayPal and Venmo will remain exempt from 1099-K reporting, which means personal gifts, reimbursements, and shared expenses won’t generate tax forms.
Furthermore, funds sent through PayPal Links will continue to settle instantly once accepted, giving recipients immediate access to their money.
PayPal and Other Mainstream Wallets Dipping Into Crypto
This announcement adds to the moves PayPal has made toward dipping further into crypto over the past five years. Notably, the company first opened the door in 2020 by allowing U.S. users to buy, hold, and sell major cryptocurrencies. A year later, it enabled crypto payments at checkout.
In 2023, PayPal launched its own dollar-backed stablecoin, PYUSD, which now runs on Ethereum, Solana, and Arbitrum. Since then, it has rolled out services for merchants, added tokens like Solana and Chainlink, and partnered with platforms such as Coinbase and LayerZero to expand cross-chain transfers.
Other major wallets and payment apps are moving in the same direction. For instance, Venmo recently introduced Layer-2 transfers for Ethereum assets to cut fees and boost speed. Last month, Cash App expanded its Bitcoin features by adding support for self-custody through its Bitkey wallet. Also, earlier this year, Revolut upgraded its fraud protection for crypto transactions.
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