- PayPal enables P2P crypto transfers in BTC, ETH, PYUSD
- Users can send crypto directly via PayPal wallet
- Enhances mainstream access to digital assets
In a major leap toward crypto adoption , PayPal has rolled out a new feature that allows peer-to-peer (P2P) crypto payments using Bitcoin ( BTC ), Ethereum ( ETH ), and PayPal USD (PYUSD). With this update, PayPal users can now send and receive cryptocurrencies just like they would send dollars—all within the familiar PayPal app.
This move makes it easier for the everyday user to engage with crypto, without needing to rely on complicated exchanges or external wallets. It’s a seamless way to bring digital assets into mainstream use.
How PayPal Crypto Payments Work
If you hold BTC, ETH, or PYUSD in your PayPal wallet, you can now send those funds directly to friends, family, or anyone else with a PayPal account. These PayPal crypto payments can be made instantly, and the platform also allows for external transfers—meaning you can send your crypto to an outside wallet or receive crypto from one.
This integration makes PayPal not just a payment app but a crypto wallet and transfer hub, opening up new possibilities for daily transactions using digital currencies.
Why This Matters for Crypto Adoption
PayPal has been gradually moving into the crypto space since 2020, but this latest upgrade significantly enhances real-world usability. By enabling P2P crypto payments, PayPal is helping push crypto from a speculative asset into a functional currency for daily life.
With over 400 million users globally, PayPal’s move could serve as a catalyst for broader crypto adoption, making it easier than ever for people to transact with BTC, ETH, and PYUSD without needing deep technical knowledge.
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