PayPal to Integrate Bitcoin, Ethereum, PYUSD

PayPal has announced that it will integrate cryptocurrency into its new peer-to-peer payment flow. The move will allow users in the United States to send Bitcoin, Ethereum, PayPal USD (PYUSD), and other supported digital assets directly within the PayPal app.

PayPal Links Bring Seamless Crypto Payments to Everyday Transactions

According to a press release, this update extends to Venmo and a growing number of digital wallets worldwide that accept crypto and stablecoins. The launch follows the company’s earlier rollout of PayPal links, a feature that lets users create personalized, one-time payment links. Each link is private, designed for one-time use, and expires after ten days if unclaimed.

Also, PayPal has enabled merchants to accept over 100 cryptocurrencies for payment settlements. Diego Scotti, General Manager of PayPal’s Consumer Group, said this marks a major step in the evolution of digital money movement. He emphasized that PayPal wants to be present wherever people are having conversations, whether through messaging apps, email, or social media.

The payment solution firm stressed that personal transfers will remain personal, without unnecessary tax forms. The firm’s peer-to-peer services have already shown strong growth, recording a ten percent increase in total payment volume during the second quarter of the year. Venmo also experienced its fastest growth in three years.

PayPal USD, the company’s dollar-backed stablecoin, will play a central role in this rollout. Issued by Paxos Trust Company and fully backed by reserves in cash and U.S. Treasuries, PYUSD has been available on PayPal and Venmo since its launch. The inclusion of PYUSD alongside Bitcoin and Ethereum strengthens PayPal’s bet on digital assets as everyday payment tools.

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Paul

Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]

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