PayPal has announced the addition of Solana (SOL) and Chainlink (LINK) to its growing list of supported digital assets via its custodial crypto wallet.
This expansion enables the FinTech giant’s customers to buy, sell, and hold SOL and LINK directly through the platform in the United States and US territories.
🚨BREAKING: According to reports, @PayPal is adding Solana $SOL and Chainlink $LINK for customers to purchase in the 🇺🇸US & US territories pic.twitter.com/Cza8hs0pnI
— CryptosRus (@CryptosR_Us) April 2, 2025
PayPal Adding SOL And LINK Takes Total Crypto Offerings To Seven
With this latest addition, PayPal now supports a total of seven digital assets. The list of supported cryptocurrencies is as follows: PayPal USD (PYUSD), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Solana (SOL), and Chainlink (LINK).
Including Solana and Chainlink shows PayPal’s commitment to expanding its crypto services and providing users with a more diverse range of investment options.
PayPal has expanded its presence in the cryptocurrency industry over the past few years. Five years ago, in 2020, the payment services firm made headlines when it first introduced cryptocurrency buying and selling services.
At a time when crypto wasn’t as mainstream as it is right now, it was seen as a pivotal moment for the industry by allowing millions of users to engage with digital assets.
More recently, in May 2024, PayPal introduced a stablecoin of its own, PayPal USD (PYUSD). It was launched on the Solana blockchain to enhance transaction speeds while keeping fees low for users.
Per CoinGecko, PYUSD recently became a top 10 USD-pegged stablecoin by market cap. With a market cap of over $730 million, the PayPal stablecoin is nine behind the Usual USD (USD0) token.
PayPal’s decision to integrate Solana and Chainlink into its crypto offerings reflects the broader trend of institutional acceptance of digital assets. As a major financial platform with a vast user base, PayPal’s crypto expansion could encourage greater mainstream adoption of blockchain technology.
It also tells us that PayPal chose to add two digital assets that fit into President Trump’s ‘Made in the USA‘ category. The President has hinted that crypto firms based in the US would be treated favorably compared to those outside the US. There have also been talks that investors of ‘Made in USA’ tokens will see lesser tax implications on gains made.
Crypto On PayPal Is A Positive But Still Centralized: Not Your Keys, Not Your Coins
Adoption: As I posted on Tuesday Paypal crypto payments are going mainstream globally. @PayPal CEO, Alex Chriss, posts a video of purchasing a hat with #Bitcoin over PayPal. Options appear to be $BTC or $PYUSD on @Solana Pay and $ETH
“With PayPal, consumers can seamlessly use… pic.twitter.com/OQAttAPqcs
— MartyParty (@martypartymusic) February 28, 2025
Despite the latest support for Solana and Chainlink, no confirmation yet exists regarding whether users will be able to send these tokens to non-PayPal wallets.
Currently, PayPal allows certain cryptocurrencies to be transferred to external wallets. Still, limitations remain on some assets, leading to speculation about whether Solana and Chainlink will receive similar treatment in the future.
For newer traders and investors, PayPal’s crypto wallet is seen as positive due to its intuitive UX and the fact that it does not require a dedicated crypto exchange account.
However, the PayPal crypto platform is fully centralized, meaning that users aren’t in control of their own private keys. As the old saying goes, ‘not your keys, not your coins’.
This is further highlighted when considering PayPal’s restrictions on which of its supported digital assets can be sent from its wallet to external wallets.
In fairness to PayPal, it continues to play a key role in bridging the gap between traditional finance and the rapidly evolving digital asset ecosystem by onboarding non-crypto users via its easy-to-use platform.
Investors should keep in mind that a self-custodial Web3 wallet, where you hold the private keys, is the only way to ensure full decentralization. By holding your own private keys, you’ll never be at the mercy of a platform such as PayPal, which can freeze your assets and block access at any moment.
Best Wallet (BEST) Is The Perfect Example Of A Modern Self-Custodial Wallet
When considering which self-custodial wallet to use, look no further than Best Wallet (BEST). It is a multi-chain web3 wallet, available on both Apple and Google app stores.
Packed full of features and focused on security, Best Wallet puts its users in full control. With access to your private key, there is no risk of funds being frozen by a single entity, as one can simply export their wallet elsewhere using the keys.
Best Wallet supports over 60 of the most popular blockchains, including native Bitcoin support. This means that users can safely store thousands of digital assets across Bitcoin, Ethereum, Solana, Base, Cardano, and XRP ecosystems.
The wallet is packed full of exciting features. These include staking, wagering, gaming, a built-in DEX, and a presale launchpad. Via the ‘Upcoming Tokens’ page on the Best Wallet app, users can invest in some of the biggest presales on the market at early-bird prices.
Its native token, BEST, is still available in presale and has just smashed past the $11.5m funding mark with less than 12 hours until the next price increase.
Check Out The Best Wallet Presale Today
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PayPal extends its crypto offerings with addition of Solana and Chainlink
- PayPal now offers seven different digital assets to buy and hold on its platform, including its native PYUSD stablecoin
- While PayPal expanding its crypto options are good for mass adoption, it is still a centralized platform and can freeze or hold a users tokens at will
- Self-custodial wallets such as Best Wallet (BEST) are the best way to stay in control of your funds. It has just hit $11.5m in presale funding as it pushes to become the number one Web3 wallet on the market
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