PayPal has introduced 'PayPal Links,' a new feature enabling users to send and receive payments through personalized, one-time links via text, social apps, or email. Initially available in the US, the service will expand to the UK and Italy by the end of September. 'PayPal Links' supports cryptocurrency payments, including Bitcoin, Ethereum, and PYUSD, with plans to integrate more digital currencies. Users can transfer funds between PayPal, Venmo, and supported crypto wallets globally. Unclaimed links expire after 10 days, and funds are credited instantly. Personal transfers are exempt from 1099-K tax reporting.
PayPal Launches 'PayPal Links' for Crypto Payments
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