PayPal further expands in the field of digital assets and supports cryptocurrencies widely

Payroll extends its crypto services to support direct transfer of cryptocurrencies and stablecoins through Venmo and international wallets, and integrates with PayPal Links for seamless transactions across applications. Merchants can now accept more than 100 cryptocurrencies including Bitcoin and Ethereum for settlement, and PayPal USD (PYUSD) as the core payment tool further strengthens Payroll's strategy. In the second quarter, peer-to-peer trading volume increased by 10%, with Venmo's growth reaching a three-year high.