- PayPal quietly adds Solana (SOL) & Chainlink (LINK) support for US users
- Buy/Sell/Hold enabled for SOL/LINK, but external transfers not yet supported
- SOL & LINK prices dipped ~8% & ~5% respectively despite PayPal platform addition
PayPal quietly added Solana (SOL) and Chainlink (LINK) to its supported cryptocurrencies for users in the United States and its territories.
The update appeared on the company’s help center webpage and developer portal, though no official announcement regarding a rollout date has been made.
Paypal’s Crypto Offerings Expand
This addition broadens PayPal’s crypto lineup, which already includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and its native stablecoin, PayPal USD (PYUSD)
Since launching crypto services for U.S. customers in 2020, PayPal has steadily expanded its digital asset operations. Initial services allowed users to buy, sell, and hold select cryptocurrencies. These extended to the UK in 2021, and PayPal introduced its PYUSD stablecoin in 2023, later launching it on the Solana blockchain.
The inclusion of SOL (known for high transaction throughput) and LINK (a key decentralized oracle network) marks a notable expansion of PayPal’s supported assets.
Transfer Limitations Remain for New Additions
While U.S. users can now buy, sell, and hold Solana and Chainlink via PayPal, transferring these specific assets to external wallets is currently unavailable. PayPal only supports external wallet transfers for BTC, ETH, LTC, BCH, and PYUSD to compatible wallets (e.g., Ethereum ERC-20, Solana SPL).
Related: PayPal and Visa Fuel Crypto Adoption with New Offerings
PayPal’s latest crypto additions follow other recent moves, like expanding crypto access for U.S. business accounts in late 2024, allowing merchants to hold and transact with digital assets.
SOL, LINK Prices Dip Despite PayPal News
Instead of rallying on the PayPal news, Solana (SOL) recorded a price decline, trading near $115.82 (-7.95% 24h, -15.89% week).
Related: PayPal and Venmo Embrace ENS for Smoother Crypto Transactions
Similarly, Chainlink (LINK) also saw its price fall, trading near $12.80 (-5.12% 24h, -18.21% week). LINK held a market value around $8.17 billion from its circulating supply.
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