International payments giant PayPal has announced the addition of Chainlink (LINK) and Solana (SOL) to its roster of supported cryptocurrencies.
In an official release, the company confirmed that users in the United States can now buy, sell, hold, and send both LINK and SOL on PayPal and its subsidiary platform, Venmo. The addition brings the total number of cryptocurrencies supported by PayPal to seven, representing the company’s continued bet on digital currencies and Web3 technology. From its initial crypto adoption in 2020—Bitcoin and Ethereum at the time—PayPal has been adding Litecoin and Bitcoin Cash, as well as launching its own stablecoin, PayPal USD (PYUSD). It was driven by considerable consumer feedback, says May Zabaneh, PayPal Vice President of Product for Blockchain, Crypto, and Digital Currencies.
“Making more tokens available on PayPal and Venmo allows consumers to have more flexibility, option, and access to digital currencies,” said Zabaneh. “It means more options to buy, send, or spend in our secure PayPal and Venmo wallets.”
Chainlink, in common perception the leading data, compute, and cross-chain interoperability platform, is now an essential component of the crafting of complex blockchain applications.
Its recent partnership with ADGM to construct tokenization frameworks in the UAE reiterates its increasing enterprise appeal.
