PayPal Adds Support for Solana (SOL) and Chainlink (LINK) in Wallet

Amid increasing crypto adoption, outgo elephantine PayPal has expanded its integer plus services by adding enactment for Solana (SOL) and Chainlink (LINK) successful a latest move. With this integration, users successful the United States and different U.S. territories tin present buy, sell, hold, and transportation SOL and LINK straight done PayPal’s wallet feature. 

As per PayPal’s FAQ page, crypto investors tin present besides entree SOL and LINK connected the level too different starring crypto assets similar Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and PayPal’s ain stablecoin PYUSD. 

PayPal Supports SOL and LINK – Source: PayPal FAQs

Earlier, PayPal users were capable to acquisition SOL and LINK done MoonPay only. Now they tin straight commercialized some the assets from the PayPal wallet. This integration marks a important milestone for PayPal’s with it further streamlining integer plus transactions for millions of users.

However, entree to these caller listings remains exclusive to U.S. users with nary authoritative announcement for planetary availability. 

PayPal has been steadily expanding its beingness successful the crypto abstraction since launching integer plus enactment successful October 2020. Initially, the outgo elephantine enabled transactions for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). 

While successful August 2023, the outgo elephantine launched PayPal USD (PYUSD) stablecoin connected Ethereum. 

However, the not-so-hyped integration of Solana and Chainlink connected PayPal has not overmuch affected the prices of SOL and LINK amid the large marketplace downtrend. At the clip of writing, SOL is trading adjacent $115 and LINK is priced astatine $12.65 – arsenic per marketplace data. 

PayPal’s cautious attack to listing caller cryptocurrencies is mostly influenced by regulatory uncertainty successful the U.S. However, the evolving regulatory situation successful the state and expanding organization involvement mightiness assistance the steadfast spell beyond supporting constricted cryptocurrencies. 

Also read: SEC Acknowledges Fidelity’s Spot Solana ETF Filing