PayPal Expands Cryptocurrency Offerings with Solana and Chainlink
PayPal announced this Sunday, April 13, 2025, the inclusion of Solana (SOL) and Chainlink (LINK) on its cryptocurrency platform in the United States. With the new feature, users can now buy, sell, store and transfer both assets directly through the platform, without relying on intermediaries such as MoonPay.
Until now, transactions involving SOL and LINK through PayPal required the use of external providers. The change represents another step for the company in the cryptocurrency market, after the service’s debut in 2020 with initial support for Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
In addition to expanding the portfolio of available digital assets, the initiative reflects the company’s ongoing movement to integrate blockchain into the traditional financial system. In August 2023, PayPal launched its own stablecoin, PayPal USD (PYUSD), issued on the Ethereum and Solana networks. The digital asset has been used in several projects related to digital payments and transactions, consolidating itself as a relevant piece within the company’s ecosystem.
Even with the regulatory environment still uncertain in the United States, recent decisions have helped to ease the uncertainty. The Securities and Exchange Commission (SEC) suspended lawsuits against Binance and dismissed the case against Coinbase, which helped to improve the perception of cryptocurrencies such as Solana and Chainlink in the institutional environment.
In addition to PayPal’s move, venture capital firms’ interest in the cryptocurrency sector remains strong. Startups such as RedotPay and Mesh have attracted new investment to expand decentralized payment solutions, often using stablecoins such as PYUSD to facilitate transactions. Another financial giant, Stripe, has also resumed its initiatives linked to digital assets, reinforcing the presence of stablecoins in everyday financial transactions.