Core Insights - PayPal is expanding its peer-to-peer service to include cryptocurrency transfers, allowing users in the U.S. to send various digital assets including bitcoin, ether, and its own stablecoin PYUSD across its platforms [1][3] - The introduction of "PayPal links" enables users to create personalized links for sending or requesting money, facilitating easier transactions in everyday communications [2] - The company emphasizes that personal transfers among friends and family will not be subject to IRS 1099-K tax reporting, even when involving cryptocurrency [2] - This initiative is part of PayPal's "PayPal World" interoperability project, which aims to connect major digital wallets and payment systems, with peer-to-peer payments being a significant growth driver [3] Financial Performance - Consumer payment volume increased by 10% year-over-year in the second quarter, highlighting the growth potential in peer-to-peer payments [3] Strategic Initiatives - PayPal is also expanding its crypto payment capabilities for U.S. merchants, aiming to reduce cross-border fees and enhance its global digital currency payment strategy [4]