PayPal Expands Crypto Offerings, Adding Solana and Chainlink for U.S. Customers
PayPal has broadened its cryptocurrency services for U.S. customers by adding Solana (SOL) and Chainlink (LINK) to its platform.
This move allows U.S. users to buy, sell, hold, and transfer these two digital assets directly through PayPal for the first time.
Previously, PayPal’s crypto offerings were limited to major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
The addition of SOL and LINK underscores the company’s intention to diversify its cryptocurrency portfolio and provide its 400 million global users, including 300 million in the U.S., with more options for digital asset transactions.
READ MORE: Solana Faces Major Crash Risk as Market Downturn Intensifies
Since launching its crypto services in October 2020, PayPal has gradually expanded its offerings, initially providing access to a few select cryptocurrencies.
In August 2023, the company also began offering its own stablecoin, PayPal USD, alongside these new assets, integrating it as a payment option within the platform.
This expansion could provide a significant boost for Solana and Chainlink, given PayPal’s extensive reach and established user base in the U.S. and globally.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
