PayPal To Make Sending Bitcoin, Ethereum, PYUSD Easier Via One-Time Payment Links
PayPal is about to make crypto transfers in the US easier with one-time payment links for Bitcoin, Ethereum, PYUSD, and other tokens. Users will be able to generate a single-use link in the app to send payments via text, email, or direct message, according to a press release . Links expire after ten days, and transfers between friends and family via PayPal and Venmo are exempt from 1099-K reporting, meaning users won’t have to file extra tax forms for these transactions. The move signals a push to makes crypto payments more practical for everyday use. PayPal plans to expand the feature internationally and allow one-time crypto payments for a broader range of cryptos, signaling a push to take digital assets mainstream. Launching today: PayPal links 🚀 Send and receive money as easily as sending a message–just share a one-time link by text, DM, or email. Live now in the US, and more markets soon. Coming next: crypto support for peer-to-peer via the PayPal app...