PayPal Links May Soon Allow Users to Send Bitcoin via Text, DM and Email

  • 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.

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.


Frequently Asked Questions

How secure are PayPal Links for sending crypto?

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.

Will PayPal Links require additional tax reporting for personal transfers?

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.

Key Takeaways

  • PayPal Links launches P2P messaging payments: Generates one-time links to send dollars today and crypto soon.
  • Crypto support planned: Bitcoin, Ethereum and PYUSD slated to be added — PayPal maintains existing in-app crypto support for multiple tokens.
  • Tax clarity: Personal transfers via PayPal/Venmo are exempt from 1099-K reporting, reducing tax paperwork for casual transfers.

Comparison: Supported assets and reporting

Feature Current status Near-term plan
Dollar transfers via messaging Live in U.S. Expand to UK, Italy, other countries
Bitcoin & Ethereum Supported in-app Soon via PayPal Links
PYUSD stablecoin Supported in-app Soon via PayPal Links with wallet transfers
1099-K reporting Personal transfers exempt Policy remains for P2P personal payments

Conclusion

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.






Published: 2025-09-15 · Updated: 2025-09-15 · Author: COINOTAG

BREAKING NEWS

The content doesn’t mention any coin—which coin name should I include in the headline?

COINOTAG News on October 6 reported that Kevin Hassett,...

OnchainLens: New Wallet Withdraws 250 Bitcoin (~$30.8M) From Binance — Oct 5

COINOTAG News reported on October 5 that, according to...

Trump to Netanyahu: “Don’t Be So Negative” — Tense AXIOS-Reported Call After Hamas Response

COINOTAG News on October 5 cites AXIOS reporting that...

Bitcoin Investors Watch as Trump Says “We’re Winning” in U.S. Government Shutdown

COINOTAG News on October 5 reports the ongoing government...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img