PayPal Links lets users send crypto directly via text, DM, or email by generating one-time personalized links; PayPal will support Bitcoin, Ethereum, PYUSD and other tokens soon, enabling peer-to-peer transfers between PayPal/Venmo accounts and compatible wallets with 1099-K exemptions for personal transfers.
Instant peer-to-peer crypto via messaging: PayPal Links creates one-time links for secure transfers.
Initial U.S. rollout supports dollar transfers now; Bitcoin, Ethereum and PYUSD arriving soon.
Transfers between friends/family via PayPal and Venmo are exempt from 1099-K reporting, reducing tax paperwork.
PayPal Links: send crypto via text, DM, or email with one-time links; try PayPal Links now to simplify P2P crypto transfers and avoid extra tax forms.
What is PayPal Links and how does it enable sending crypto via text?
PayPal Links is a peer-to-peer payments program that generates one-time personalized links to send currency and, soon, crypto tokens via text, DM, or email. The service launches in the U.S. for dollar transfers and will expand to support Bitcoin, Ethereum, and PayPal’s PYUSD stablecoin, allowing transfers between PayPal/Venmo accounts and compatible wallets.
When will PayPal start supporting Bitcoin, Ethereum, and PYUSD via PayPal Links?
PayPal launched PayPal Links for U.S. dollar transfers and announced crypto support will arrive “soon.” Official timing was not provided in the company statement. PayPal currently supports in-app purchases of Bitcoin, Ethereum, and PYUSD and said the messaging-based crypto feature will extend that functionality to peer-to-peer transfers across accounts and wallets.
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How does PayPal Links work for crypto transfers?
PayPal Links generates a one-time personalized URL you can send via SMS, direct message, or email. The recipient clicks the link and follows secure on-screen steps to accept funds into a compatible wallet or PayPal/Venmo account. The link ties the transfer to the intended recipient to reduce errors and fraud.
What tokens and wallets will be supported?
PayPal has confirmed initial support in its app for Bitcoin, Ethereum, and PYUSD, and lists additional assets it supports for in-app purchases such as Solana, Chainlink, Litecoin, and Bitcoin Cash as part of its broader crypto roadmap. PayPal said it will enable transfers to “other crypto- and stablecoin-supporting digital wallets” as compatibility is verified.
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One-time personalized links reduce routing errors and limit reuse, lowering fraud risk. PayPal applies its existing security controls and monitoring to transactions initiated via PayPal Links.
PayPal states personal transfers between friends and family via PayPal and Venmo are exempt from 1099-K reporting, helping ensure personal payments remain outside additional tax forms.
PayPal Links extends PayPal’s payments strategy by enabling peer-to-peer transfers through text, DM, and email and plans to add support for Bitcoin, Ethereum and PYUSD. This move simplifies casual crypto transfers while clarifying tax reporting for personal payments. Watch for rollout updates from PayPal and verification of wider wallet compatibility.
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Source: https://en.coinotag.com/paypal-links-may-soon-allow-users-to-send-bitcoin-via-text-dm-and-email/