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PayPal has announced the addition of Chainlink (LINK) and Solana (SOL) to its growing suite of cryptocurrency offerings. The integration will be available across both PayPal and its subsidiary Venmo, enabling U.S. users to buy, sell, hold, and transfer the two tokens.
This development comes as part of PayPal’s broader push into Web3 solutions. May Zabaneh, PayPal’s VP of Digital Currencies, emphasized that user demand heavily influenced the company’s decision. “Offering more tokens on PayPal and Venmo provides users with greater flexibility, choice, and access to digital currencies,” Zabaneh stated.
With the inclusion of SOL and LINK, PayPal now supports seven digital assets, having first entered the crypto market in 2020 with Bitcoin (BTC) and Ethereum (ETH). The company later expanded to Litecoin (LTC) and Bitcoin Cash (BCH), before launching its PayPal USD (PYUSD) stablecoin in 2023.
The choice to add LINK and SOL reflects their rising institutional and enterprise relevance. Solana, lauded for its high-speed, low-cost transactions, continues to gain traction with institutional players—Polymarket recently integrated SOL for deposits. Meanwhile, Chainlink remains a critical infrastructure provider for Web3, powering decentralized oracles and cross-chain interoperability, and recently partnering with ADGM in the UAE to develop tokenization frameworks.
Both tokens boast significant market presence, sitting within the top 11 cryptocurrencies by market cap, and together command a valuation exceeding $80 billion.
According to PayPal, the integration aligns with its mission to “foster greater accessibility and engagement” in the evolving digital asset ecosystem. As Web3 adoption accelerates, the payment giant’s embrace of LINK and SOL signals a growing confidence in blockchain technology’s future.
Market reaction was immediate, with SOL rising 5.42% and LINK up 1.37% following the announcement, further underlining the significance of PayPal’s expanding crypto footprint.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
