PayPal and Venmo revealed that they have merged with Chainlink (LINK) and Solana (SOL) to their crypto assets, only available for U.S. investors.
Starting from April 7, 2025, investors can purchase, hold, sell and shift these tokens within their accounts. They now support seven digital assets in total, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), PayPal USD (PYUSD) and Litecoin (LTC).
May Zabaneh, PayPal’s Vice President in charge of Blockchain, Digital currencies and Crypto, shared thoughts on the addition, responding to customer requests for “more token selection, more flexibility, and improved access to cryptocurrencies.
The launch started this week, and it should also be available globally in just a few weeks, but it’s not yet confirmed for other countries. PayPal, which has about 428 million global accounts, and Venmo, which is popular in the U.S. user base, are getting ready to help more users use crypto.
Solana & Chainlink: Integrated Transfers, Real-World Impact
The new digital assets include Chainlink, famous for its data feed services connecting automated agreements to real-world data, and Solana, a high-speed blockchain powering DeFi and transactions to connect PayPal’s current products.
The transfer options are similar to other cryptocurrencies, and you can transfer up to $25,000 each week to an external wallet, but your account must be verified first. PayPal’s info says you can send PYUSD to most Ethereum and Solana addresses, and it shows the same works for sending LINK and SOL.
According to past policies, the transaction costs are still consistent, including a 1% tax on the U.S. dollar cost for crypto transfer, but the PYUSD fees might be different. Some users have reported 48-hour hold timers postponing transfers, but these problems do not usually happen.
This growth is part of PayPal’s crypto plan, which began in 2020. They launched PYUSD in 2023, showing even more support for useful crypto tools.
Successful Crypto Step After Market Silence
By market cap, Chainlink currently stands as the 13th largest cryptocurrency, and Solana is in 7th place; it will help PayPal do better in the expanding blockchain network, but prices did not change much in the short-term movement.
Experts see adding Chainlink and Solana as a smart step to attract everyday investors and developers, using PayPal’s platform to make crypto easier to use or access.
Including 83 million active U.S. users in 2023, and since U.S. rules & regulations remain unclear, focusing on the local market helps follow the law and meet current demand. The update makes PayPal and Venmo stronger than other competitors in digital payments and could help more people start using crypto.
According to Zabaneh, “We are happy to give practical tools that make it easier to use cryptocurrency every day,” advising a long-term plan to include digital assets more in daily life.
Read also:- White House Set to Reveal Bitcoin, Crypto Holdings on Monday
Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.
