2 min read
In a significant move toward expanding its crypto footprint, PayPal has added Chainlink and Solana to its growing suite of supported digital assets. The update enables users on both PayPal and Venmo platforms in the U.S. to buy, sell, hold, and transfer these two high-profile cryptocurrencies.
According to an official press release, PayPal has added Chainlink and Solana as part of its ongoing efforts to integrate Web 3 innovations. The addition of SOL and LINK brings the total number of cryptocurrencies available on PayPal to seven. These include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and the company’s proprietary stablecoin, PayPal USD (PYUSD).
May Zabaneh, PayPal’s Vice President of Digital Currencies, highlighted that expanding the platform’s token offerings was a natural progression. She noted that user demand played a major role in introducing SOL and LINK, stating that the move will offer more flexibility and broader access to digital assets.
Venmo, PayPal’s subsidiary, will also support these tokens. U.S.-based users will now be able to manage Chainlink and Solana alongside other major cryptocurrencies in both their PayPal and Venmo accounts.
PayPal described Solana as a “leading blockchain platform” known for its speed and low transaction costs. Chainlink was praised for its role in enabling cross-chain interoperability, an essential feature for decentralized finance (DeFi) and other blockchain use cases.
The timing of the announcement coincides with rising institutional interest. Solana recently saw integration on Polymarket, and BlackRock’s BUIDL token also launched on the Solana network. Chainlink continues to deepen its enterprise utility, most recently partnering with ADGM to develop tokenization frameworks in the UAE.
With a combined market cap exceeding $80 billion, both SOL and LINK rank among the top 11 cryptocurrencies. Following PayPal’s announcement, Solana rose 5.42% in value while Chainlink gained 1.37%, reflecting positive market sentiment.
The company reaffirmed that this expansion is part of its long-term vision to support broader adoption and accessibility of digital currencies. PayPal’s growing involvement in crypto, starting with its 2020 entry, underscores its intention to become a significant player in the digital finance ecosystem.
