PayPal continues to expand its presence in the crypto world, adding Chainlink and Solana to its offerings
The move increases PayPal and Venmo users' access to major cryptocurrencies amid growing regulatory clarity in the U.S.
Author: Francisco Rodriguez | Edited by: Aoyon Ashraf April 5, 2025, 15:22
Important points:
- PayPal and Venmo users in the US now have the ability to buy, sell, and transfer LINK and SOL, along with other already supported tokens.
- The new tokens will be available to US users over the next few weeks.
- The move is part of PayPal's ongoing expansion into the cryptocurrency sector after initially launching crypto support in 2020.
PayPal has integrated chainlink (LINK) and solana (SOL) into its growing list of supported cryptocurrencies, giving PayPal and Venmo users the ability to buy, hold, sell, and transfer the tokens directly from their accounts.
The move demonstrates the payments giant's continued development in the crypto space after first launching crypto support in 2020. The new tokens will be available to users in the US over the next few weeks.
“Expanding the number of tokens on PayPal and Venmo gives users more flexibility, choice, and access to digital currencies,” said May Zaban, PayPal’s vice president of blockchain, cryptocurrency, and digital currencies, in a press release.
The company, which also launched its own U.S. dollar-backed stablecoin, took steps last year to allow its corporate clients to access the cryptocurrency directly from their U.S. accounts.
