PayPal To Integrate Bitcoin, Ethereum Into Its New P2P Payments System

PayPal (PYPL) announced on Monday that it is integrating cryptocurrency directly into its peer-to-peer payments, enabling U.S. users to send Bitcoin (BTC), Ethereum (ETH), and stablecoins, such as the company’s in-house PYUSD, through its new payment flow. 

PayPal’s stock edged 0.8% higher in morning trade with retail sentiment on Stocktwits inching higher within ‘bullish’ territory, accompanied by ‘high’ levels of chatter over the past day. The stock is down more than 20% this year and has fallen around 5% over the past 12 months.

On the crypto side, Bitcoin’s price moved 0.5% lower and Ethereum’s price fell 2.4% in the last 24 hours amid broader weakness in the cryptocurrency market. Retail sentiment around both tokens continued to trend in ‘bearish’ territory over the past day. Meanwhile, retail sentiment around PayPal’s recently launched stablecoin PYUSD remained in ‘neutral’ territory.

The announcement comes alongside the broader rollout of PayPal Links, a feature allowing users to send and receive money via a personalized, one-time link across any conversation. The company stated that the P2P crypto capability is designed to streamline digital asset payments across PayPal, Venmo, and an expanding roster of crypto-compatible wallets globally. 

U.S. users can start creating PayPal Links immediately, with international availability, including the U.K. and Italy, scheduled later this month. The integration of crypto payments will be coming “soon,” according to the company, but PayPal did not specify an exact timeline. 

The announcement comes as the U.S. regulatory authorities have shifted to a more crypto-friendly stance under the Trump administration. In late July, SEC Chair Paul Atkins launched ‘Project Crypto’ to modernize securities laws and bring in more innovation for digital assets. Before Project Crypto, Congress passed the GENIUS Act, establishing the first comprehensive federal regulatory framework for payment stablecoins, such as PYUSD.

Read also: Dogecoin, Shiba Inu Slide After $2.4 Million Hack On Shibarium Ripples Through Crypto Market

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