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PayPal Adding Crypto to Peer-to-Peer Payments, Allowing Direct Transfer of BTC, ETH, Others
The firm said users in the U.S. will soon be able to send bitcoin, ether and its own PYUSD stablecoin directly across accounts as part of the company's crypto payment push.
Sep 15, 2025, 2:58 p.m.
What to know:
- PayPal is expanding its peer-to-peer service to include cryptocurrency transfers, allowing U.S. users to send digital assets like bitcoin and ether across PayPal, Venmo, and other crypto-compatible wallets.
- The new "PayPal links" feature enables users to create personalized links for sending or requesting money, which can be shared via text, chat, or email.
- Personal transfers between friends and family using crypto will not trigger IRS 1099-K tax reporting requirements, keeping gifts and reimbursements tax-free.
Payments firm PayPal (PYPL) said it is expanding its peer-to-peer service by adding cryptocurrency transfers to its payment flow, the company announced on Monday.
Users in the U.S. will soon be able to send bitcoin , ether , PayPal's dollar stablecoin PYUSD and other digital assets across PayPal, Venmo and an increasing number of crypto-compatible wallets worldwide, the firm said in a Monday press release.
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The integration arrives alongside "PayPal links," a new tool that lets users generate a one-time personalized link to send or request money. The links can be dropped into text messages, chats or email, embedding payments into everyday conversations.
Personal transfers between friends and family will remain exempt from IRS 1099-K tax reporting requirements, meaning gifts, reimbursements and shared expenses won’t generate tax forms even if crypto is involved in the transaction, the firm said.
The company said the move builds on "PayPal World," its new interoperability initiative aimed at connecting the largest digital wallets and payment systems. Peer-to-peer payments are a key growth driver, with consumer payment volume climbing 10% in the second quarter year-over-year. In July, the firm said to expand crypto payments for U.S. merchants as part of its deeper push into global digital currency payments.
Read more: PayPal Expands Crypto Payments for U.S. Merchants to Cut Cross-Border Fees
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
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