PayPal, one of the world’s leading digital payment platforms, has expanded its cryptocurrency offerings by adding Solana (SOL) and Chainlink (LINK) to its list of supported assets for customers in the US and US territories. This update was confirmed through PayPal’s help center webpage.
Expanding PayPal’s Crypto Portfolio
The addition of SOL and LINK marks a significant expansion of PayPal’s existing cryptocurrency lineup. Prior to this update, users could buy, sell, and hold PayPal USD (PYUSD), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
Although PayPal has not officially announced when SOL and LINK were added, the PayPal developer portal—last updated in November 2024—now lists both assets as supported cryptocurrencies.
Uncertain External Transfer Support
Currently, PayPal allows US users to buy, sell, and hold LINK and SOL along with other major cryptocurrencies. However, the ability to send these assets to external crypto wallets has not been confirmed and is likely not yet supported.
At present, the only cryptocurrencies eligible for external transfers on PayPal include BTC, ETH, LTC, BCH, and PYUSD. These assets can be sent to compatible Ethereum ERC-20 or Solana SPL wallets.
PayPal’s Crypto Evolution
PayPal first introduced cryptocurrency services in 2020, enabling users in the US to buy, sell, and hold digital assets. The company initially planned to expand these services to other regions and enable crypto-based transactions at millions of merchants worldwide.
In late 2024, PayPal expanded its crypto functionalities further, allowing US merchants to buy, hold, and sell digital assets directly from their business accounts. The company also introduced the ability to send and receive tokens on-chain, although this feature was not available in New York State at launch.
Strengthening Crypto Utility for Businesses
This latest expansion is a major step in enhancing PayPal’s cryptocurrency offerings. With over 36 million merchant accounts, the company aims to increase crypto adoption and utility for businesses across the US. By supporting additional assets like Solana and Chainlink, PayPal is reinforcing its commitment to broadening cryptocurrency accessibility and integration within the mainstream financial landscape.