In a fresh step toward expanding digital asset adoption, PayPal has added support for Solana (SOL) and Chainlink (LINK) across the United States and its territories. The new feature allows users to buy, sell, hold, and transfer the two cryptocurrencies directly within the PayPal platform, building on the company’s growing crypto roadmap.
This update is part of PayPal’s broader push to diversify its crypto offerings, following its initial rollout of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) back in 2020. The company also launched its own U.S. dollar-pegged stablecoin, PYUSD, on Ethereum and later extended support to Solana in mid-2023.
Until now, PayPal users have had to rely on third-party platforms like MoonPay to purchase Solana or Chainlink using PayPal as a payment method. Integrating these tokens directly into PayPal’s interface removes that extra step, streamlining access for everyday users.
PayPal Deepens Crypto Strategy
With the addition of Solana and Chainlink to its crypto offerings, PayPal aligns itself more closely with two of the most vital networks underpinning decentralized finance and Web3 infrastructure.
Solana’s appeal lies in its ability to process transactions at lightning speed and low cost—qualities that have earned it a leading role in developing decentralized apps and consumer-facing Web3 tools. Its high throughput and developer-friendly ecosystem make it popular for platforms focused on scale and user experience.
By offering native support for Solana, PayPal users gain exposure not just to another digital asset but to an entire blockchain network that underpins a growing list of dApps, NFT platforms, and consumer payment protocols. This could prove especially relevant as PayPal continues expanding the use cases for its own stablecoin, PYUSD, which also operates on the Solana network.
Chainlink, meanwhile, brings a different but equally essential functionality to the mix. As the most prominent decentralized oracle network, Chainlink bridges smart contracts with off-chain data—powering price feeds, settlement systems, and automation across a vast array of DeFi applications. For developers and institutions alike, Chainlink’s presence in PayPal’s ecosystem underscores the growing importance of reliable real-world data within crypto’s infrastructure stack.
Together, these additions reflect PayPal’s strategic effort to cement its position in the broader blockchain economy. Rather than limiting users to the most well-known cryptocurrencies, the payments giant is curating a portfolio offering utility and long-term relevance in an evolving financial landscape.
As platforms like PayPal continue to diversify their crypto offerings, they contribute to a more inclusive financial ecosystem, accommodating both novice users and seasoned investors. This trend indicates the evolving landscape where digital assets are becoming integral components of mainstream financial services.
Quick Facts
- PayPal has added support for Solana (SOL) and Chainlink (LINK) for its U.S. customers, enabling the buying, selling, and holding of these cryptocurrencies.
- This expansion builds upon PayPal’s existing crypto services, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
- Solana is known for its high-speed transactions and scalability, making it popular for decentralized applications and finance projects.
- Chainlink functions as a decentralized oracle network, connecting smart contracts with real-world data—essential for various blockchain applications.
