In brief
- 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.
PayPal on Monday unveiled a new peer-to-peer payments program designed specifically for messaging apps—and crypto is playing a major role.Â
The initiative, called PayPal Links, will allow users to send various currencies directly to intended recipients via text, DM, or email. The program launched today…
