PayPal Pushes Further Into Crypto by Adding Chainlink and Solana as New Offerings
PayPal has added chainlink (LINK) and solana (SOL) to its growing list of supported cryptocurrencies, giving users of both PayPal and Venmo the ability to buy, hold, sell and transfer the tokens directly from their accounts.
The move reflects the payments giant’s continued push into the cryptocurrency space after first launching crypto support in 2020. The new tokens will roll out to U.S. users over the next few weeks.
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“Offering more tokens on PayPal and Venmo provides users with greater flexibility, choice, and access to digital currencies,” said May Zabaneh, PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies, in a press release.
The company, which has also launched its own U.S. dollar-backed stablecoin, has last year moved to allow its business clients access crypto directly form their accounts in the U.S.
