The cryptocurrency market has garnered immense support from several sectors. In order to bridge the gap between traditional finance and the digital realm, an array of payments firms began exhibiting support for cryptocurrencies. PayPal has been one of the early supporters of the industry. Further doubling down on its interest in the market, the firm has included Solana (SOL) and Chainlink (LINK) to its list of digital assets for its clients in the United States and its territories.
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PayPal’s Big Crypto Line-Up
PayPal did not make an official announcement about this addition. But the community could see an update on the firm’s help center webpage. Although LINK and SOL can be purchased, sold, and held by users of PayPal in the US and its territories together with other cryptocurrency assets, sending LINK and SOL to external cryptocurrency wallets is uncertain and probably not supported at this time.
With more than 400 million users worldwide, including around 300 million in the US, PayPal’s backing might boost widespread acceptance of the market and these assets. It should be noted that PayPal first introduced its customers to crypto in 2020. At the moment, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and PYUSD may be transferred outside to compatible Ethereum ERC-20 or Solana SPL wallets.
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How Did SOL & LINK React To This News?
The entire market was seen dipped in red due to the news of Donald Trump’s reciprocal tariffs. Solana and Chainlink weren’t spared either. Solana remained in the top ten. But it witnessed a 3.90% drop over the past 24 hours. At the time of writing, the altcoin was trading at $119.14.
Meanwhile, Chainlink which is the 13th largest coin was also seen dropping. LINK was trading at $13.10, during press time. This comes after a 2.54% decrease in its price in the last 24 hours.
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