PayPal has announced it plans to integrate Bitcoin & Ethereum into its new peer-to-peer payment system. In a Monday press release, the payments platform revealed that crypto will soon be directly integrated into PayPal’s new P2P payment flow in the app.

“For 25 years, PayPal has revolutionized how money moves between people. Now, we’re taking the next major step,” said Diego Scotti, General Manager, Consumer Group at PayPal. “Whether you’re texting, messaging, or emailing, now your money follows your conversations. Combined with PayPal World, it’s an unbeatable value proposition, showing up where people connect, making it effortless to pay your friends and family, no matter where they are or what app they’re using.”

PayPal has been actively working to integrate the world of crypto into its platform more. It has already added “pay with crypto” as a payment option for merchants this past Summer. Additionally, the platform sealed a partnership with Coinbase to enable users of both platforms in Canada to buy and sell cryptocurrency. PayPal says that P2P will make it more convenient for PayPal users in the U.S. to send Bitcoin, Ethereum, PYUSD, and more to PayPal, Venmo, as well as a rapidly growing number of digital wallets across the world that support crypto and stablecoins.

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On Monday, the crypto market fell 1.1% to $3.98 trillion. The 24-hour trading volume in the market is up over 23.59% to $162.54 billion at press time, with investors likely excited about PayPal’s peer-to-peer update and buying the short-term dip.