- PayPal adds LINK and SOL, expanding crypto offerings to seven supported assets.
- U.S. users can now buy, sell, and trade LINK and SOL on PayPal and Venmo.
- LINK and SOL prices rose 1.37% and 5.42% following PayPal’s announcement.
PayPal now offers Chainlink (LINK) and Solana (SOL) among its cryptocurrency services to customers in the United States. The platform now supports seven digital assets following this update. The payment service provider confirmed that adding LINK and SOL matches the rising demand and adoption trends seen among PayPal and Venmo users.
PayPal Broadens Crypto Support With LINK and SOL
U.S.-based PayPal users now have the capability to buy, sell, retain and trade LINK and SOL through their accounts. The list of digital assets which already includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) now has additional tokens. PayPal launched its proprietary stablecoin PYUSD to advance its digital currency roadmap for the future.
The official announcement states that the company is expanding access to important blockchain assets to meet changing user demands. PayPal’s Vice President for Digital Currencies May Zabaneh said user feedback was critical to the company’s expansion strategy. The update demonstrates PayPal’s commitment to satisfy customer expectations and stay current with Web3 sector progress.
Chainlink and Solana Gain Momentum Through Institutional Recognition
Solana and Chainlink are both still becoming more well-known on a variety of institutional venues. Chainlink has established itself as one of the top suppliers of decentralized oracle services, and its cross-chain flexibility is becoming increasingly important. Its recent collaboration with the United Arab Emirates to develop tokenization frameworks further strengthens its market utility.
Solana has also experienced a rise in adoption, particularly in payment and smart contract ecosystems. The network has been integrated into Polymarket, enabling deposits in SOL. BlackRock’s BUIDL initiative also selected Solana as a launch platform, underscoring increased confidence in its performance and security.
As a result of PayPal’s announcement, LINK and SOL recorded notable gains in the market. LINK rose by 1.37 percent, while SOL increased by 5.42 percent within hours of the release. This response indicates a positive shift in market sentiment as users and investors react to the growing involvement of payment service providers in the crypto sector.
PayPal Solidifies Digital Asset Strategy Amid Growing Adoption
Since entering the digital currency space in 2020, PayPal has gradually expanded its cryptocurrency strategy. Early support for Bitcoin and Ethereum led to broader inclusion of other digital assets, paving the way for stablecoin development and now further expansion.
The company emphasized that adding LINK and SOL signals a continued focus on improving access to digital assets. According to the press release, PayPal intends to support more engagement in the sector by offering broader asset availability through its platforms.
Moreover, extending the service to Venmo helps to reach a wider audience of retail users. The firm believes this step will enhance user choice and provide more flexibility for consumers
managing their crypto holdings.
