PayPal Expands Crypto Services for US Users, Adding Solana and Chainlink

Global payments giant PayPal has broadened its cryptocurrency offerings for US customers by introducing support for both Solana (SOL) and Chainlink (LINK). Now, US digital asset users can buy, sell, hold, and transfer these coins directly through PayPal for the first time. This expansion follows PayPal’s prior inclusion of major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) in its portfolio. 400 million active PayPal accounts worldwide, with a significant US user base of approximately 300 million, could see a boost from this move. While the company’s expansion shows a commitment to broader cryptocurrency services, support for SOL and LINK has significant potential as both are prominent players in the altcoin space. PayPal began offering cryptocurrency services in October 2020 but initially provided limited options to US users. However, the introduction of stablecoin PayPal USD, which joins the platform in August 2023, opened up new payment method possibilities within the platform. It is important to remember this is not financial advice.