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PayPal (PYPL) News: Bitcoin (ETH), Ether (ETH), Other Cryptos Soon Added to P2P Payments
PayPal's new integration enables U.S. users to send Bitcoin, Ethereum, and PYUSD across multiple platforms, aiming to simplify crypto management and boost adoption within its ecosystem.
- On Monday, PayPal unveiled PayPal Links in the U.S., a new peer-to-peer payment method allowing cryptocurrency transfers.
- The launch follows PayPal's broader modernization plan, including a $300 million infrastructure upgrade and expansion of crypto payments.
- PayPal Links enables users to create one-time, private links to send or request money via text or email, supporting Bitcoin, Ethereum, and PYUSD transfers instantly.
- Diego Scotti, General Manager of PayPal's Consumer Group, explained that payments are now integrated seamlessly into everyday digital communications like texts, messages, and emails.
- The feature excludes personal payments from IRS 1099-K reporting and is planned to be introduced soon in the UK, Italy, and additional markets.
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23 Articles
TechCrunch+2 Reposted by 2 other sources
PayPal adds new one-to-one payment links that will soon support crypto
The new PayPal Links allow customers to either request or make a payment to another person by selecting the link option, inputting the amount, and then copying the link into a conversation.
·United States
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PayPal (PYPL) News: Bitcoin (ETH), Ether (ETH), Other Cryptos Soon Added to P2P Payments
The firm said users in the U.S. will soon be able to send bitcoin (BTC), Ethereum's ether (ETH) and PYUSD stablecoin directly across accounts as part of its crypto payment push.
·Manila, Philippines
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Coverage Details
Total News Sources23
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
13%
Factuality
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