PayPal Pushes Deeper Into Digital Assets With Broad Crypto Support

PayPal is deepening its presence in digital payments with a new feature that lets users send and receive cryptocurrencies and stablecoins directly through Venmo and an expanding network of international digital wallets.

The move underscores the company’s ambition to make digital assets as seamless to transfer as cash.

The rollout builds on PayPal Links, the one-time payment tool introduced earlier this year. Each link is private, valid for a single transaction, and expires if unused after ten days. Now, when combined with crypto transfers, the feature creates a more flexible way to move money across apps, email, and even social platforms.

Broad Crypto Acceptance

Merchants using PayPal can now settle transactions in over 100 cryptocurrencies, from market leaders like Bitcoin and Ethereum to a wide range of altcoins. Diego Scotti, General Manager of PayPal’s Consumer Group, described the update as a “major step in the evolution of digital money,” noting that the goal is to meet users wherever they are transacting.

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Privacy, Speed, and Growth

The company stressed that private peer-to-peer transfers remain free of unnecessary tax reporting, a feature aimed at boosting user confidence. PayPal’s peer-to-peer volumes climbed 10% in Q2, while Venmo recorded its fastest growth rate in three years, momentum the firm hopes to extend with these crypto-friendly upgrades.

Stablecoin at the Core

Central to this strategy is PayPal USD (PYUSD), the dollar-backed stablecoin issued by Paxos. Fully supported by cash and U.S. Treasuries, PYUSD has been live on PayPal and Venmo since launch. Integrating it alongside major cryptocurrencies positions PayPal to reframe digital assets not just as speculative bets but as everyday payment tools within its ecosystem.

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