PayPal has announced a significant expansion of its cryptocurrency offerings, enabling peer-to-peer (P2P) transfers of Bitcoin (BTC), Ethereum (ETH), and its native stablecoin, PayPal USD (PYUSD). This move integrates digital assets directly into the platform’s payment ecosystem, allowing users to send cryptocurrencies to contacts, family members, and external wallets seamlessly. The feature enhances flexibility for PayPal’s global user base, bridging traditional finance with digital currency utility. By supporting external wallet transfers, the company emphasizes user control and interoperability within the broader crypto landscape. The rollout includes PayPal Links, streamlining the process for recipients to claim sent assets efficiently. This development aligns with PayPal’s ongoing strategy to mainstream digital currency adoption, providing a secure, familiar interface for crypto transactions. The service aims to reduce barriers for everyday crypto payments while maintaining compliance and security standards. As one of the largest payment processors worldwide, PayPal’s continued embrace of cryptocurrency signals growing institutional confidence in blockchain-based financial solutions.
