This expansion strengthens its position in digital payments. Solana news highlights its fast transactions, while LINK price may rise with increased demand.
PayPal has reportedly added Solana and Chainlink for U.S. customers to its Crypto service, according to a report by AMB Crypto. However, the integration of these cryptos is not new, and there has been no official announcement from PayPal.
PayPal’s developer portal, last updated in November 2024, already lists SOL and LINK among the supported assets in the U.S. The developer portal had previously announced the addition of BTC, ETH, LTC, and BCH in 2021, along with the launch of PayPal USD (PYUSD) in April 2024.
Currently, only BTC, ETH, LTC, BCH, and PYUSD support full functionality, allowing users to buy, sell, hold, and transfer these assets to external wallets. However, external transfers for LINK and SOL are still not available.
This move expands on PayPal’s blockchain presence, which began with BTC and ETH in 2021. The integration of SOL and LINK signifies a broader shift in mainstream financial institutions toward blockchain technology.
PayPal’s addition of these assets is significant due to its vast user base and merchant network. With over 34 million users and 36 million merchants on its platform, PayPal’s move could influence market trends and trading activity in the crypto space.
Solana’s high-speed transactions make it well-suited for seamless payments, while Chainlink’s secure data feeds are crucial for the development of advanced smart contracts. Both projects have gained considerable attention in the crypto industry.
By supporting these assets and simplifying crypto access for millions, PayPal is fostering greater mainstream adoption of digital currencies. This move legitimizes crypto in the eyes of new investors, who may be hesitant to engage with crypto exchanges directly.
With PayPal’s massive reach and influence, the addition of SOL and LINK could contribute to their long-term growth in the evolving crypto landscape.
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