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New Digital Assets Available for U.S. Users
PayPal and its subsidiary, Venmo, have expanded their cryptocurrency services by adding Solana (SOL) and Chainlink (LINK) to their platforms. This update allows users in the United States and U.S. territories to buy, sell, hold, and transfer these digital assets directly within their accounts.
Enhancing Crypto Services
The decision to include SOL and LINK comes in response to user feedback and a growing interest in diverse digital assets. May Zabaneh, PayPal’s Vice President for Digital Currencies, stated that offering more tokens provides users with greater flexibility and access to digital currencies.
Current Crypto Offerings
With this addition, PayPal’s U.S. crypto offerings now include seven digital assets:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- PayPal USD (PYUSD)
- Solana (SOL)
- Chainlink (LINK)
Availability and Features
The support for SOL and LINK is being rolled out over the next few weeks. Users can buy, sell, hold, and transfer these assets within the PayPal and Venmo platforms. However, external transfers for SOL and LINK are not yet confirmed and may not be supported initially.
This expansion underscores PayPal’s commitment to enhancing its crypto services and responding to the evolving needs of its users.
