PayPal Is Making It Much Easier to Send Bitcoin, Ethereum and Other Crypto Tokens

[TradingPuzzles]

Payments giant PayPal will soon allow users to send crypto tokens to each other directly via text message, DM, and email.

PayPal launched PayPal Links, a peer-to-peer payment tool for messaging apps that will soon support transfers of Bitcoin, Ethereum, PayPal’s PYUSD stablecoin, and other tokens.


The program will first roll out in the U.S. before expanding to the U.K., Italy, and other markets later this month.

Crypto transfers between friends and family on PayPal and Venmo will be exempt from 1099-K reporting requirements, the company said.

[Couturier]

PayPal stepping deeper into crypto this could make everyday transfers way more seamless for millions of users.