PayPal Expands Crypto Services with Chainlink and Solana

PayPal has taken another major step in its cryptocurrency strategy, adding Chainlink (LINK) and Solana (SOL) to its growing list of supported digital assets. This move allows U.S. users to buy, hold, sell, and transfer these tokens directly through PayPal and Venmo.

The expansion marks a continuation of PayPal’s foray into crypto markets, which began in 2020. It also reflects increasing demand from users for more diverse digital asset options on trusted fintech platforms.

A Strategic Push into the Digital Asset Ecosystem

According to May Zabaneh, PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies, this expansion aims to give users “greater flexibility, choice, and access to digital currencies.” The addition of LINK and SOL follows earlier integrations of Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

By supporting newer blockchain networks, PayPal positions itself as a key player in the evolution of mainstream crypto adoption.

Crypto Features Expand Across PayPal and Venmo

The rollout of Chainlink and Solana will begin over the next few weeks for U.S. users, enhancing the company’s multi-platform crypto infrastructure. With this update, both individual and business users on PayPal and Venmo can access a wider range of crypto assets.

This follows PayPal’s move last year to offer crypto access to business clients in the U.S., further integrating digital currencies into traditional payment services.

PayPal’s Broader Crypto Vision

Beyond token support, PayPal has launched its own stablecoin, PYUSD, backed by the U.S. dollar. This stablecoin enables faster and lower-cost transactions within its ecosystem and with external wallets.

By building a complete crypto suite, including stablecoins, tokenized assets, and user wallets, PayPal is constructing a digital-first financial system aimed at both retail and institutional use cases.

Competing in a Growing Fintech-Crypto Market

With fintech rivals like Robinhood, Cash App, and Coinbase expanding their crypto tools, PayPal’s latest additions are part of a broader battle for digital currency dominance in the U.S.

By including high-utility tokens like Solana and Chainlink, PayPal is betting on more developer-focused ecosystems, attracting both investors and users of decentralized finance (DeFi) and blockchain applications.