PayPal is deepening its crypto footprint by adding Solana (SOL) and Chainlink (LINK) to its suite of supported digital assets for U.S. users. The integration, which extends to both PayPal and Venmo platforms, brings the total number of supported cryptocurrencies to seven.
Announced on April 4, this update allows users to buy, sell, hold, and transfer SOL and LINK directly within the PayPal ecosystem. Previously, U.S. users had to rely on third-party providers like MoonPay for access to these tokens. The rollout is expected to complete over the coming weeks.
🚀 PayPal Expands Crypto: PayPal now includes Chainlink and Solana for U.S. users, broadening access to top cryptocurrencies amid increasing regulatory clarity. #PayPalCrypto https://t.co/Mpv8x8odeE
— Bull Ranks (@BullRanks) April 6, 2025
Solana and Chainlink: Expanding Blockchain Functionality
The addition of Solana and Chainlink highlights PayPal’s strategic intent to integrate blockchain infrastructure that enhances speed, scalability, and real-world utility. Solana is known for its high-throughput, low-fee architecture, supporting decentralized apps and finance tools. Chainlink, meanwhile, enables secure, decentralized oracles—a crucial layer for feeding off-chain data into smart contracts.
These tokens join PayPal’s earlier lineup of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), all part of the company’s crypto journey since October 2020. PayPal also made headlines in 2023 with the launch of PayPal USD (PYUSD), its Ethereum-based stablecoin in partnership with Paxos, now boasting a market cap of $760 million.
Also Read: PayPal’s PYUSD – Pioneering Business Payments With 47% Adoption In The Stablecoin Space
Cautious Growth Amid Regulatory Fog
Despite the innovation, PayPal is treading carefully due to the uncertain regulatory environment in the U.S. The company has not announced a global expansion of the feature yet, focusing instead on compliant and measured growth.
Interestingly, the market response has been subdued. SOL is trading around $119, and LINK at $12.66, reflecting broader crypto market stagnation. Still, analysts suggest this integration reinforces PayPal’s vision of bridging traditional finance with decentralized technology, laying the groundwork for broader adoption as regulation matures.
PayPal’s move signals a strategic step forward in crypto accessibility, giving millions of users an easier entry point into the Web3 ecosystem—right from their digital wallets.
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.
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