PayPal has launched a new feature called **Direct Payment Links**, enabling users to send personalized, one-to-one payment requests easily through various communication channels such as text messages, social media, or email. This feature is currently available in the U.S. with plans to expand internationally to countries including the U.K. and Italy later this month. Each payment link is unique, private for one-time use, and allows instant transfer of funds, which recipients can receive via their PayPal accounts. Payments can be funded through PayPal balances, bank accounts, or credit/debit cards without fees for sending or receiving, though international or currency conversion fees may apply[3].
Importantly, PayPal announced that these Direct Payment Link...
Importantly, PayPal announced that these Direct Payment Links will soon **support cryptocurrency payments**, marking a significant expansion of its digital asset integration. Users will be able to connect their personal cryptocurrency wallets directly to merchant checkout pages, enabling seamless crypto payments across borders. The process involves routing the crypto payment through exchanges—either centralized platforms like Coinbase or decentralized protocols such as Uniswap—depending on the user's wallet. The digital asset is then converted into PayPal’s stablecoin, PYUSD, before being settled in U.S. dollars and credited to the merchant[1][2].
PayPal CEO Alex Chriss emphasized the platform’s goal of mak...
PayPal CEO Alex Chriss emphasized the platform’s goal of making payments globally accessible, highlighting that users in countries like Guatemala will be able to use cryptocurrencies to shop with merchants in the United States. This feature signals PayPal’s renewed commitment to the cryptocurrency space, which it originally entered in 2020 by enabling select U.S. users to trade Bitcoin and Ethereum. The new payment link crypto support is part of a broader strategy to deepen PayPal’s role in digital currencies after a period of lower visibility during the 2022 crypto market downturn[2].
In addition to Bitcoin and Ethereum, PayPal has recently exp...
In addition to Bitcoin and Ethereum, PayPal has recently expanded its crypto offerings to include support for other digital assets like Solana (SOL) and Chainlink (LINK), reflecting a growing portfolio of supported cryptocurrencies for transactions[4].
Overall, the launch of Direct Payment Links combined with up...
Overall, the launch of Direct Payment Links combined with upcoming crypto support positions PayPal to enhance convenience and global reach for peer-to-peer and merchant payments, blending traditional digital payment methods with emerging blockchain technologies. This move aligns PayPal with ongoing trends in fintech innovation, aiming to simplify crypto adoption for everyday users and merchants worldwide.