Paypal adds new individual payment links that will support Crypto soon

PayPal offers a new way for people to send money to each other through counterparts to the P2P through one -time bonds. The system, called Paypal Links, complements the current feature of the company called PayPal Me, which will continue to be as a way to share your profile information and make it easy to find and push it.

The company explains that PayPal Me Links are not payment requests related to a specific amount – at least until the reception device inserts the amount they are planning to pay.

PayPal Me Links were used only for salaries. However, new PayPal links allow customers to either request or make a payment to another person by determining the association option, entering the amount, then copy the link into a conversation. This makes the feature more useful for payments or requests once directly with someone else without the need to determine and verify your personal information or account. As a result, there are less steps, which makes payments faster.

In addition, PayPal links will soon be able to support encryption in the United States, allowing users to send Bitcoin, Ethereum, Pyusd, more to PayPal, Venmo and other digital portfolios that support encryption and bachelors.

The feature will be first available to users in the United States, but it will expand later this month to other markets, including the United Kingdom, Italy and other places.

To create a PayPal link, users open the PayPal application and enter payment details or request to create a unique link for one time. This link is special and is related to this treatment.

These PayPal links can then be used in conversations, texts and exact clips online where money, costs and purchases are discussed. Any not required links end after 10 days, although users can send a reminder or cancel the payment link at any time, if necessary.

The recipient is the link box to complete the application or accept payment in the PayPal application, where the money is transferred immediately.

Personal payments remain exempt from the reports of 1099-k, the company notes.