Following the recent release of the global digital payment integration platform "PayPal World", payment giant PayPal has officially launched a new personalized transfer tool "PayPal Links", allowing users to complete payment and collection through a simple link regardless of the platform or application they are using, truly realizing "money follows information".
This innovative feature will launch first in the United States and will be expanded to other countries, including the United Kingdom and Italy. PayPal is not only redefining the peer-to-peer (P2P) payment experience, but is also preparing to integrate cryptocurrency transfers, further expanding its influence in the global digital money market.
What is PayPal Links? Sending money as easily as text
PayPal Links is a personalized, one-time payment link that users can easily create in the PayPal app, enter the amount and notes, and then share the link directly in text messages, social messages, emails, and even chat rooms.
These links have the following characteristics:
- Valid for one time only: Each link is limited to one transaction to ensure security.
- 10-day validity period: Unclaimed links will automatically expire. Users can remind the other party or cancel the transaction at any time.
- Instant credit: Once the recipient clicks the link and accepts, the funds are instantly credited to their PayPal balance account.
Whether you need to collect a split check from a dinner party or make a cross-border payment to a freelance worker, PayPal Links makes it as easy as sending a message.
Cross-platform, cross-currency, cross-border: A new era of seamless payments
PayPal said this new feature will be seamlessly integrated with its newly launched "PayPal World," further promoting interoperability between global digital wallets and payment systems. This means that no matter which app the other party uses or which country they are in, as long as they have PayPal, they can easily receive and pay.
Diego Scotti, General Manager of PayPal Consumer Business, said:
"For the past 25 years, we've been revolutionizing how money moves. Now, whenever you're messaging, your money moves too. Whether it's PayPal, Venmo, or any other wallet, your money moves with you, without boundaries."
Cryptocurrency can also be transferred with one click, expanding Web3 ecosystem integration
Another major update is PayPal's integration of cryptocurrencies directly into its P2P payment process. US users will be able to transfer virtual assets, including Bitcoin, Ethereum, and PYUSD (PayPal's stablecoin), directly through the app. Transfers can be made not only to PayPal and Venmo accounts, but also to global wallets that support cryptocurrencies.
This update not only greatly simplifies the application process of digital assets, but also makes PayPal one of the few mainstream platforms that connects Web2 and Web3 money flows.
Protect personal transfers from tax returns, making debts of gratitude less of a hassle.
PayPal has also provided a clear response to the tax issue that is of primary concern to US users. Personal transfers between friends and family via PayPal or Venmo remain exempt from the 1099-K tax reporting requirement.**
That is:
- Transactions such as gifts, splitting the bill for a dinner party, and rent sharing with roommates are not considered income;
- Users do not need to receive tax forms for these transactions, allowing private financial flows to remain private and flexible.
This policy will further enhance users' willingness and trust in transactions within the PayPal ecosystem.
PayPal P2P growth momentum is strong, while Venmo's performance is outstanding.
According to PayPal's latest financial report, total payment volume (TPV) for both peer-to-peer and consumer transactions increased 10% year-over-year in the second quarter, demonstrating a simultaneous increase in user engagement and activity. Venmo, a subsidiary of PayPal, achieved its highest TPV growth in nearly three years, injecting strong momentum into the PayPal ecosystem.
With the launch of PayPal World and PayPal Links, and the opening of more regions in the future, PayPal is expected to continue to expand its global user base and occupy a larger share of the cross-border personal payment market.
PayPal is revolutionizing the way we transfer money with a simple connection. From physical cash to digital payments, we're now entering the era of "connect, pay." Combined with cryptocurrency integration and global wallet interoperability, PayPal is at the forefront of personal payments innovation.
In the future, money may really flow as freely as information, without being restricted by platforms or national boundaries.
The article PayPal launches a new P2P payment: PayPal Links, cross-platform and cross-currency, BTC can be transferred with one click first appeared in ABMedia ABMedia .
