On September 15, 2025, PayPal unveiled a new P2P service called PayPal Links, with support for Bitcoin, Ethereum, and the company’s PYUSD stablecoin coming soon.
What is PayPal Links
PayPal Links is a tool for quick transfers via personalized single-use links. A user creates a link in the PayPal app, sets an amount and a note, then shares it via SMS, e-mail, or messengers. The recipient opens the link and completes the payment in a couple of taps.
Key features:
- generation of personalized single-use payment links;
- pre-setting the amount and adding a text comment;
- tracking transaction status in the app;
- link validity of up to 10 days.
The new service complements the existing PayPal.Me (permanent personal links) but makes one-off transfers more convenient and transparent.
Tax reporting: where it’s simplified
For transfers between “known counterparties” within the PayPal and Venmo ecosystem, the company exempts certain transactions from Form 1099-K reporting. This applies to:
- crypto gifts;
- expense reimbursement;
- shared costs between individuals.
Geography and rollout timeline
- United States — available now.
- United Kingdom, Italy, and other countries — rollout expected by the end of the month.
Crypto integration
PayPal Links will soon support Bitcoin (BTC), Ethereum (ETH), and PYUSD, allowing users to send and receive digital assets within the familiar PayPal interface.
Context: PayPal’s role in the crypto industry
PayPal has remained one of the most active fintech players working with cryptocurrencies since late 2020. Former CEO Dan Schulman has repeatedly emphasized that digital assets and blockchain can radically transform the financial system.
PYUSD: what to know
- The PYUSD stablecoin was launched in 2023.
- At the time of writing, it ranks 11th among stablecoins by market cap at around $1.2 billion.
- In its launch year, the asset faced regulatory questions: the SEC opened a probe but dropped its claims in April 2025.
What it means for users and businesses
PayPal Links simplifies one-off transfers and group collections—from splitting a gift to reimbursements and shared bills. Upcoming support for BTC, ETH, and PYUSD adds another convenient channel for crypto payments within a familiar ecosystem. Recall that on July 28, PayPal announced the launch of crypto payments for businesses in the U.S.—now the functionality is expanding to P2P scenarios.
