PayPal To Integrate Bitcoin, Ethereum Into Its New P2P Payments System
Synopsis
The company stated that the P2P crypto capability is designed to streamline digital asset payments across PayPal, Venmo, and an expanding roster of crypto-compatible wallets globally.
PayPal (PYPL) announced on Monday that it is integrating cryptocurrency directly into its peer-to-peer payments, enabling U.S. users to send Bitcoin (BTC), Ethereum (ETH), and stablecoins, such as the company's in-house PYUSD, through its new payment flow.
The announcement comes alongside the broader rollout of PayPal Links, a feature allowing users to send and receive money via a personalized, one-time link across any conversation. The company stated that the P2P crypto capability is designed to streamline digital asset payments across PayPal, Venmo, and an expanding roster of crypto-compatible wallets globally.
U.S. users can start creating PayPal Links immediately, with international availability, including the U.K. and Italy, scheduled later this month.
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