The crypto industry is evolving rapidly, and PayPal has just made a significant move by adding Solana (SOL) and Chainlink (LINK) to its list of supported cryptocurrencies. However, this feature is currently available only for US-based users.
No Official Announcement Yet
Although PayPal has updated its help center page to include Solana (SOL) and Chainlink (LINK), the company has not made an official statement about the exact date they were added. The developer portal, updated in November 2024, also lists SOL and LINK as supported assets.
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Currently, PayPal users can buy, sell, and hold SOL and LINK, but external wallet transfers are not supported yet. At the moment, only Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and PayPal USD (PYUSD) can be transferred to external wallets.
PayPal’s Crypto Journey
- 2020: PayPal introduced crypto trading services for US consumers, marking a huge step in mainstream adoption.
- 2024: US-based businesses were allowed to buy, sell, and hold crypto directly from their business accounts.
With over 36 million merchant accounts, PayPal is continuously expanding its digital asset strategy. While SOL and LINK support is a positive step, external transfers remain uncertain.
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