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In a continued push to diversify digital asset accessibility, PayPal Holdings has announced the addition of Chainlink (LINK) and Solana (SOL) to the cryptocurrency offerings available on its PayPal and Venmo platforms. This expansion allows users to buy, hold, sell, and transfer both tokens directly within their digital wallets.
The move, unveiled in a press release on Friday, April 4, follows growing user demand and underscores PayPal’s commitment to providing more options for engaging with digital currencies. Over the coming weeks, PayPal and Venmo users will gradually gain access to LINK and SOL within their accounts.
Chainlink is widely recognized for its role in enabling secure data sharing, computational logic, and cross-chain interoperability—key elements in driving next-generation decentralized applications. Solana, on the other hand, supports a thriving blockchain ecosystem spanning decentralized finance (DeFi), digital payments, gaming, and infrastructure networks, offering users faster transaction speeds and lower costs.
“Expanding token availability on PayPal and Venmo strengthens our mission to offer customers more flexibility, access, and choice when it comes to digital assets,” said May Zabaneh, Vice President of Product, Blockchain, Crypto and Digital Currencies at PayPal. “This empowers users to seamlessly buy, send, or spend through our secure wallet platforms.”
Since first introducing cryptocurrency services in October 2020, PayPal has remained a key player in bridging traditional finance and blockchain technology. At launch, the platform supported major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), signaling the company’s broader strategic focus on regulatory technology solutions and financial innovation.
Former President and CEO Dan Schulman emphasized the inevitability of digital currency adoption, stating that PayPal aimed to collaborate closely with central banks and global regulators to help shape the regulatory frameworks surrounding digital assets.
As part of its ongoing evolution in the RegTech landscape, PayPal further extended its crypto services to U.S. business account holders in September. This expansion allowed merchants—except those based in New York—to manage cryptocurrency transactions directly from their PayPal business accounts. Businesses can also send and receive supported crypto assets to and from external blockchain wallets, enhancing regulatory compliance and financial transparency.
“Business users are increasingly looking for robust compliance management tools that mirror consumer offerings,” said Jose Fernandez de Ponte, Senior Vice President of Blockchain, Crypto, and Digital Currencies at PayPal. “With this update, we’re delivering user-friendly, regulatory-compliant access to digital currencies for both individuals and enterprises.”
The integration of Chainlink and Solana marks another milestone in PayPal’s effort to foster innovation, drive financial inclusion, and align with evolving global regulatory requirements in the digital asset space. As regulatory compliance and financial crime prevention continue to take center stage, solutions like these offer a gateway to safer, smarter engagement with cryptocurrencies.
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