PayPal has quietly expanded its cryptocurrency offerings by adding Solana (SOL) and Chainlink (LINK) for customers in the United States and US territories, according to updates on the company's help center webpage.
The new additions join PayPal's existing lineup of supported digital assets, which includes PayPal USD (PYUSD), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
While US customers can now buy, sell, and hold SOL and LINK through their PayPal accounts, the ability to transfer these tokens to external crypto wallets appears unavailable. Currently, only BTC, ETH, LTC, BCH, and PYUSD can be moved to compatible external wallets.
This expansion builds on PayPal's growing involvement in cryptocurrency services since 2020, when it first allowed US customers to trade digital assets. In late 2024, the company extended crypto functionality to its merchant accounts, enabling US businesses to buy, hold, and sell cryptocurrencies directly through their business profiles.
The market responded positively to the integration news, with Solana's price rising 1.8% and Chainlink gaining 2.5% before experiencing typical market fluctuations.
PayPal's move reflects increasing mainstream adoption of blockchain technology and digital assets. Solana is known for its high-speed transactions and decentralized application capabilities, while Chainlink serves as a decentralized oracle network connecting smart contracts with real-world data.
The development marks another step in PayPal's strategy to enhance its digital payment offerings and expand its presence in the evolving cryptocurrency landscape, serving its extensive network of 36 million merchant accounts.