PayPal has officially added Chainlink (LINK) and Solana (SOL) to its U.S. cryptocurrency platform. As of April 2, 2025, both PayPal and its mobile payment app Venmo now allow users to buy, sell, hold, and transfer SOL and LINK—bringing the platform’s total supported cryptocurrencies to seven.

This move signals PayPal’s growing confidence in the Web3 ecosystem, reinforcing its commitment to broader cryptocurrency integration and institutional-level accessibility.

PayPal Deepens Crypto Push With LINK and SOL

According to an official press release, May Zabaneh, VP of Digital Currencies at PayPal, explained that user demand played a critical role in choosing to expand with Solana and Chainlink.

“Offering more tokens on PayPal and Venmo provides users with greater flexibility, choice, and access to digital currencies,” said Zabaneh.

With this addition, U.S.-based users can now access the following digital assets via PayPal and Venmo: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), PayPal USD (PYUSD), Solana (SOL), and Chainlink (LINK).

Why Solana and Chainlink?

The decision to onboard Solana and Chainlink is rooted in their strong technical value and increasing institutional interest.

Solana (SOL) is hailed as a leading Layer-1 blockchain known for its speed, low fees, and growing developer ecosystem. It has recently seen broader institutional use, with Polymarket enabling SOL deposits and BlackRock’s BUIDL fund launching on the Solana network.
Chainlink (LINK) continues to dominate in decentralized data feeds and cross-chain interoperability. Its recent ADGM partnership in the UAE highlights its expanding utility in tokenization frameworks and enterprise use cases.

LINK and SOL command a market cap exceeding $80 billion, placing both within the top 11 cryptocurrencies globally.

Growing Institutional Crypto Ambitions

PayPal’s increasing engagement with cryptocurrencies started in 2020, with the launch of BTC and ETH trading for consumers. Since then, it has steadily expanded its digital asset lineup and even launched its own stablecoin, PYUSD, to compete with USDT and USDC in the stablecoin market.

The inclusion of LINK and SOL is another strategic step in capturing institutional and retail crypto activity, especially amid the growing integration of blockchain tech in financial services.

According to the press release,

“The addition of LINK and SOL reflects the company’s dedication to the evolving digital currency landscape and fostering greater accessibility and engagement in the cryptocurrency market.”

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.