Woooooow THIS WORKED!
Thats amazing youve figured out how to hack this on Evernote Android and yet Evernote doesnt even bother to tell their users!
@Roy - your process worked for me (backspacing over the hyperlink until i got to my Link Text is my preferred method).....but @John - i couldn't do your process b/c i cant get my cursor to "move" from a random spot to inside the hyperlink b/c once i let go it activated the hyperlink to a webpage.
My simplified process is:
1) type "Evernote Blog www.evernoteblog.com" (NOTE: there's a space between the word Blog and the www)
2) erase the space
3) backspace/erase the URL (www.evernoteblog.com)
Regardless - after having this thread started OVER THREE YEARS AGO.....you guys have finally found a solution!
P. S. Extra credit for anyone that might not be in the know....when you're on the Windows Desktop/Web App...just select your Hyperlink and hit CONTROL-K and you can easily type your Link Text which disappears your hyperlink while activating the Link Text URL accordingly. Go get em!