At Ignite we announced a major improvement to the way secure external sharing of files and folders works in both OneDrive and SharePoint in Office 365 and we wanted to share what this means for users...
Updated Jun 25, 2020
Version 4.0
Blog Post
StephenRice
Microsoft
MicrosoftJeroen Rijt, van, are you talking about seeing pending external users (i.e. users who have been shared to but haven't clicked yet) or something else?
Julian Orange, thanks for passing this along. I'll make sure the rest of our team sees it as well! Overall, we've definitely heard feedback that while the new external sharing feature has improved many areas of the product, there is still plenty of work to do. At a very high level, our goal is marry the ease of management that is present in the legacy experience with the ease of use & collaboration in the new experience. At SharePoint Conference 2018, we announced the first step in that journey: When you share to a user who is also using O365, once they've used the verification code to prove their identity, we'll convert the user into a full AAD guest user (and they will use their full credentials to access in the future). Keep an eye on Message Center for more details :)
Stephen Rice
OneDrive Program Manager II