Imagine a world where splitting bills or sending gifts is as easy as sending a message- a single link now allows payments with cryptocurrency.
One Link, Endless Possibilities
PayPal has rolled out PayPal Links, a new P2P payment experience. Users can generate a payment link in-app and share it via SMS, social media, or email to send or receive money. While simple, this feature could redefine day-to-day transactions.
Smoother Than Ever
No more entering account details or emails. Link-based payments feel natural to Web2 users, lowering barriers and making transfers as seamless as sharing a photo.
Crypto Joins the Mix
PayPal is gradually adding support for Bitcoin (BTC), Ethereum (ETH), and its stablecoin PYUSD. Soon, U.S. users can pay with either dollars or digital assets, bringing traditional finance closer to Web3.
Compliance Meets Convenience
U.S. P2P payments are tied to tax rules. PayPal confirms that transfers between friends and family via PayPal or Venmo remain exempt from 1099-K reporting. Gifts and shared bills generally aren’t treated as taxable income, building user trust while keeping compliance intact.
Strengthening Venmo Synergy
Venmo remains a go-to tool for young Americans. With PayPal Links, integration between the two platforms could deepen, unleashing stronger network effects across a massive user base.
Global Ambitions
Currently live in the U.S., PayPal plans to expand Links to the U.K., Italy, and other markets. While no timeline exists for Asia yet, once crypto payments are fully integrated, these features could transform cross-border transactions.
The Takeaway
From early online payments to PYUSD integration, and now P2P links with crypto, PayPal is connecting everyday payments with digital assets. This isn’t just a product upgrade—it signals a move closer to Web3. Soon, "just send me a link" could mean a seamless fiat-to-crypto transfer.
