PayPal and Venmo Add Chainlink and Solana Crypto: What It Means for Users

Safdar meyka
Oct 28
2 min read

Imagine you're sending money to a friend, and instead of using traditional dollars, you're using digital currencies like Solana or Chainlink. That's now possible with PayPal and Venmo, two of the most popular payment platforms in the U.S.

What's New?

As of April 2025, PayPal and Venmo have expanded their cryptocurrency offerings to include Solana (SOL) and Chainlink Rsi (LINK). This means U.S. users can now buy, sell, hold, and transfer these cryptocurrencies directly within their PayPal and Venmo accounts.

Why Solana and Chainlink? Solana (SOL)

Fast Transactions: Solana is known for its high-speed transactions, making it ideal for real-time payments.
Low Fees: The network offers low transaction costs, which is beneficial for both users and merchants.
Growing Ecosystem: Solana supports a wide range of decentralized applications, from finance to gaming.

Chainlink (LINK)

Decentralized Oracles: Chainlink provides reliable data feeds to smart contracts, enabling more complex and secure decentralized applications.
Enterprise Adoption: Many businesses use Chainlink for its robust infrastructure and data accuracy.

How Does This Benefit You?

Increased Flexibility: You can now manage a broader range of digital assets within your familiar PayPal or Venmo interface.
Seamless Transactions: Send and receive Solana and Chainlink just like you would with traditional currencies.
Integration with PYUSD: PayPal's stablecoin, PYUSD, is also available on the Solana blockchain, providing faster and cheaper transactions.

Security and Accessibility

User Verification: To buy, sell, or hold cryptocurrencies, you'll need to verify your identity with PayPal or Venmo.
No FDIC Insurance: Cryptocurrency holdings are not insured by the FDIC, so it's important to understand the risks involved.
Available to U.S. Users: Currently, this feature is available to users in the United States.

Market Snapshot

PayPal (PYPL): Currently trading at $77.23, with a market cap of approximately $72.3 billion.
Solana (SOL): Priced at $202.44, reflecting its strong position in the crypto market.
Chainlink (LINK): Trading at $18.70, indicating steady growth and adoption.

Final Thoughts

The addition of Solana and Chainlink to PayPal and Venmo's platforms marks a significant step toward mainstream adoption of cryptocurrencies. Whether you're an investor, developer, or casual user, these changes offer more options and flexibility in managing your digital assets.