PayPal Adds Chainlink (LINK) and Solana (SOL)

Bittime - PayPal is getting serious about expanding its presence in the crypto world. On April 4, 2025, the payments giant announced it was adding support for two new digital assets—Chainlink (LINK) and Solana (SOL)—to its PayPal and Venmo platforms. 

This update gives millions of users greater flexibility in interacting with digital currencies, in line with PayPal's long-term vision to make crypto more accessible to everyday users.

PayPal Add LINK and SOL

In a strategic move to strengthen its crypto services, PayPal Holdings announced that Chainlink (LINK) and Solana (SOL) are now available on PayPal and Venmo digital wallets. 

Starting April 4, users in the United States can buy, hold, sell, and transfer these two tokens directly from their accounts. The rollout will be gradual over the next few weeks.

This expansion reflects PayPal's continued commitment to offering a wider selection of crypto assets. 

"By making more tokens available on PayPal and Venmo, we are increasing user flexibility, choice and access to digital assets," said May Zabaneh, Vice President of Blockchain, Crypto and Cryptocurrency at PayPal. With the addition of LINK and SOL, PayPal now supports seven types of crypto, strengthening its position in the digital asset market.

Read also: PayPal Bitcoin: Here's a Practical Way to Buy Bitcoin Using PayPal!

Get to know Chainlink and Solana

Chainlink is a critical infrastructure for the decentralized web, providing data services and cross-chain interoperability that are widely used in DeFi applications and smart contracts. 

Meanwhile, Solana is a blockchain platform with high speed and low fees that supports various services such as decentralized finance, gaming, and payments. The presence of these two tokens provides added value for PayPal users.

The market responded quickly to this announcement: Solana price rose 5.42%, while Chainlink increased 1.37%. This increase reflects investor optimism and increasing institutional interest in crypto integration into mainstream platforms.

Source: Market Endtime

Consistent Strategy Since 2020

The move is part of a crypto initiative that PayPal has started since 2020, when it first allowed US customers to trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash. 

Then-CEO Dan Schulman stated that digital currency adoption was inevitable—a view that still forms the basis of PayPal's strategy under current CEO Alex Chriss.

In recent years, PayPal has also expanded crypto features to business accounts in the US, enabling transactions and crypto wallet integration outside of PayPal's internal ecosystem. This shows PayPal's ambition to become a center for digital financial services, both for individuals and businesses.

Read also: MasterCard Will Allow Its Users to Make Bitcoin and Cryptocurrency Transactions

Increase Adoption and Accessibility

Industry analysts say that this move has great potential to increase LINK and SOL adoption, especially since PayPal provides easy access for retail users. Community reaction on platforms like Reddit and Discord has been overwhelmingly positive, with many praising PayPal's user-friendly approach to delivering crypto services.

By adding more tokens and simplifying access to digital assets, PayPal is not only responding to market demand—it is also helping shape the future of digital finance.

FAQ

Does PayPal sell Solana?

Yes. Starting April 2025, PayPal and Venmo will allow users to buy, hold, sell, and transfer Solana (SOL) directly through their accounts. This feature is being rolled out gradually to users in the United States.

Can PayPal be used to transfer crypto to another wallet?

Yes. Since 2023, PayPal has expanded its functionality, allowing users — including business account holders — to send and receive crypto assets to and from external blockchain-based wallets. This provides more flexibility in managing digital assets outside of the PayPal platform.

Does PayPal have its own crypto assets?

PayPal doesn't have a native cryptocurrency like Bitcoin or Ethereum, but the company does have a named stablecoin PayPal USD (PYUSD), which was released as part of their expansion into the world of digital assets. PYUSD is designed to always be equal in value to the US dollar and is used for transactions within the PayPal ecosystem.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

Pymnts, PayPal and Venmo Add Chainlink and Solana to Cryptocurrency Offerings, accessed April 6, 2025

Mayowa Adebajo, PayPal Adds Chainlink and Solana to Crypto Offerings, accessed April 6, 2025

Author: SD