PayPal Adds Crypto to Peer-to-Peer Payments in Major Update

TLDR: PayPal now enables cryptocurrency transfers via its app for peer-to-peer payments in the U.S. Venmo and other digital wallets worldwide can now support crypto and stablecoin transactions. PayPal merchants can accept over 100 cryptocurrencies, broadening payment options for businesses. Personal transfers via PayPal and Venmo remain tax-free under the 1099K rules for certain transactions. [...]

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