PayPal now supports Solana and Chainlink for US users - US @paypal users can now buy, sell and hold $sol and $link directly from their accounts, marking another important step in the company's cryptocurrency expansion. What does this mean for PayPal users - @solana and @chainlink join Bitcoin, Ethereum, Litecoin, Bitcoin Cash and PayPal USD (Pyusd) in Paypal's growing cryptocurrency lineup. - Previously, PayPal users could only purchase SOL and links through Moonpay. Now they can trade them directly within Paypal. - While Bitcoin, Ethereum and PYUSD support external transfers, PayPal has not confirmed whether it is possible to withdraw SOL and link to an external wallet. Why Solana and Chain Link? - Solana is known for its low fees and high-speed transactions and is the most popular among developers and Defi projects. - Leading decentralized Oracle network, ChainLink plays a vital role in smart contracts by providing real-world data to blockchain applications. A bigger push to encrypt: - PayPal has continuously expanded its products since its launch of crypto services in 2020. In the second half of 2024, it allows American merchants to accept cryptocurrency payments. - Now, with Solana and Chainlink, PayPal is strengthening its position as a key player in digital payments and blockchain adoption.