PayPal Drops a Bombshell—SOL & LINK Now Live for US Customers!

PayPal, the leader in online payment across the world, included Solana (SOL) and Chainlink (LINK) into the list of supported cryptocurrencies from the company. The addition was introduced quietly to the firm’s help center website page and is supported for US-based customers and territories.

In 2020, PayPal launched services allowing its US customers to buy, sell, and hold cryptocurrencies. This was a monumental step towards the mainstream use of cryptocurrencies by bringing cryptocurrencies to the fingertips of millions of customers via a trusted, mainstream platform.

No Official Announcement Yet

Even if PayPal updated its help center website, the company still has no official statement regarding the actual date when PayPal added SOL and LINK. The developer portal, which was updated in November 2024, also lists SOL and LINK on supported assets, yet another sign that they are already offered as buy/sell options. Again, without any official statement, it remains ambiguous when these assets were added, but again, we are more assured that it is not to simply fill out the company’s crypto offerings on PayPal’s websites.

Buying, Selling, and Holding SOL & LINK

Currently, PayPal users in the US and US territories can buy, sell, and hold SOL and LINK just like they can with other supported crypto assets. However, the ability to send these assets to external crypto wallets is still unclear.

Right now, only Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and PayPal USD (PYUSD) can be sent to external wallets. That means with PayPal’s support for SOL and LINK, it may just be that the full capability, external transfers, isn’t yet functional.

PayPal’s Journey in Crypto Adoption

PayPal became the first firm to offer cryptocurrency trading services to be offered to U.S. consumers in 2020 by enabling them to buy, sell, and hold digital currency on its PayPal platform. Most believed it was a huge step toward even wider acceptance of cryptocurrencies, considering the trust relationship with millions of consumers to trade cryptocurrencies on their platform.

In late 2024, PayPal expanded its crypto services for U.S. merchants to allow them to buy, hold crypto, and sell crypto directly from their business accounts, and it added the ability to send and receive tokens on-chain, although that feature was not available at launch in New York State.

Enhancing Crypto Utility for Businesses

With over 36 million merchant accounts, PayPal continues to grow its business crypto offering. Onboarding SOL and LINK is just part of its greater strategy to make digital assets accessible to US-based consumers and businesses.

By incorporating the cryptocurrencies that it supports, PayPal is also adopting blockchain technology into its platform. 

Conclusion

Including Solana (SOL) and Chainlink (LINK) in the list of cryptocurrencies accepted by PayPal is a good move in further pursuing its adoption of digital currencies. Even though the tokens can be purchased, sold, and held by the customers, there is still uncertainty about external transfers. As the company’s cryptocurrency strategy widens, so does the action for crypto payment and merchant integration in the future.

The post PayPal Drops a Bombshell—SOL & LINK Now Live for US Customers! appeared first on Coinfomania.