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PayPal has made a significant leap in digital finance by incorporating Solana (SOL) and Chainlink (LINK) into its array of supported cryptocurrencies for American customers and those in US territories. This strategic addition enhances its existing lineup which features PayPal USD Bitcoin Ethereum Litecoin and Bitcoin Cash broadening options for users looking to invest in or hold digital assets.
The details surrounding the timing of these new additions remain undisclosed as the last update to the PayPal developer portal was in November 2024. Despite the lack of an official announcement the platform’s help center confirms that both SOL and LINK have been added as supported assets. PayPal users in the US can now buy sell and hold these cryptocurrencies although the capability to transfer them to external wallets is not yet available.
Since 2020 when PayPal first ventured into the cryptocurrency space by permitting US customers to deal in crypto the platform has consistently expanded its services. The recent inclusion of merchant functionalities to buy sell hold and engage in on-chain transactions marks a significant step towards enhancing the utility and accessibility of cryptocurrencies in the US business sector. This move underscores PayPal’s commitment to fostering a robust digital economy.
