PayPal Expands Cryptocurrency Options with Chainlink and Solana

San Jose, Calif., April 4, 2025 – PayPal Holdings, Inc. (NASDAQ: PYPL) announced today the launch of two new cryptocurrencies—Chainlink (LINK) and Solana (SOL)—allowing users of both PayPal and Venmo to buy, hold, sell, and transfer these tokens directly in their accounts.

This expansion comes as part of PayPal’s ongoing commitment to enhancing its cryptocurrency services in response to user feedback. May Zabaneh, Vice President of Product, Blockchain, Crypto, and Digital Currencies at PayPal, emphasized this point: “Since we initially made cryptocurrencies available on PayPal and Venmo, we’ve been listening to our users about what they want to do with crypto on our platforms. One piece of feedback we’ve heard is to make additional tokens available that align with our mission of revolutionizing payments.”

The integration of Chainlink, a leading platform for data and cross-chain interoperability, and Solana, which supports various decentralized applications, reflects a broader push within PayPal to provide comprehensive digital currency options. PayPal users can expect to see LINK and SOL available for purchase over the next few weeks.

Chainlink is widely recognized for enabling advanced blockchain applications, while Solana has rapidly gained traction within decentralized finance ecosystems, gaming, and community-driven projects. “Offering more tokens on PayPal and Venmo provides users with greater flexibility, choice, and access to digital currencies,” Zabaneh added.

Since launching cryptocurrency services in October 2020, which initially included Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, PayPal has only deepened its engagement in the digital asset space. In September 2024, the company introduced features allowing U.S. merchants to buy, hold, and sell cryptocurrencies directly from their PayPal business accounts.

PayPal’s initiatives are part of a larger trend in the financial industry as user demand for cryptocurrency services continues to increase. “Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers,” said another PayPal executive, highlighting the company’s adaptive approach to market needs.

The addition of LINK and SOL signifies PayPal’s effort to facilitate easier access to digital currencies for millions, further solidifying the company’s role in shaping the future of finance and commerce. As regulatory landscapes evolve and crypto adoption accelerates globally, this move positions PayPal as a key player bridging traditional finance with blockchain technology.