Breaking: PayPal's New P2P Feature Goes Live, BTC and ETH Support Coming Soon

American multinational financial technology company PayPal has announced a new peer-to-peer (P2P) feature called "Links," which makes it possible for users to transfer money with the help of a one-time link.

The new feature allows dropping the link into any conversation (text, DM, and so on).

Notably, PayPal's press release has stressed that digital assets will be added to the same P2P flow. The list of supported digital assets will include Bitcoin (BTC), Ethereum (ETH), and PayPal USD ($PYUSD).

PayPal's crypto integration history

PayPal was originally introduced for buying, holding, and selling Bitcoin and several altcoins. It initially made its crypto entry in the US and later expanded the new feature worldwide.

In 2021, it launched the "Checkout with Crypto" feature that makes it possible for merchants to accept crypto from customers. It also introduced crypto in the Venmo app within the same year.

In 2022, PayPal allowed making crypto transfers to external wallets. The following year, the company rolled out its highly regulated $PYUSD stablecoin.