Users of popular payments -apps PayPal and Venmo will soon be able to buy, sell, keep and transfer Solana and Chainlink within their accounts in addition to leading cryptocurrencies Bitcoin and Ethereum.
PayPal said that adding the new coins, both of which belong to the top 15 most valuable cryptocurrencies per market capitalization or according to data from Coetecko, the company reflects “Dedication to the evolving landscape of digital currency.”
“Because we first made cryptocurrencies available on PayPal and Venmo, we listened to our users about what they want to do with crypto on our platforms,” said May Zabaneh, PayPal’s VP of product, blockchain, crypto and digital currency in a statement.
“Offering more tokens on PayPal and Venmo offers users more flexibility, choice and access to digital currencies,” she added. “This provides more options to buy, send or publish within our trusted PayPal and Venmo portfolios.”
Access to chain link and Solana purchases will roll out for users in-app “in the coming weeks”.
PayPal began to allow users to buy, sell or hold Bitcoin and Ethereum directly in 2020 And has since taken steps to promote his crypto product offer, later expanding opportunities for his popular Venmo Mobile Payments app.
Since that time, the company has gradually expanded its crypto -footprint, launch of his own dollar-pegged stablecoin (Pyusd) on Ethereum in 2023 before it expands to Solana.
In September 2024, Owners of business accounts were given the opportunity to buy, sell and keep directly through their bills, through a trend of a trend Companies and institutions that are merged To the largest crypto assets. That announcement was preceded by a function addition with which users enabled it Send crypto via PayPal and Venmo With the help of the Ethereum Name Service (Ens).
More recently, the company collaborated with Crypto -Payment Platform MoonPay, which can make users of Venmo To use their balance, bank or payment card to buy a cryptocurrency through the payment rails of MoonPay. The same function was Added in PayPal Already in May 2024.
PayPal recently set a goal to have 20 million traders Using his Pyusd Stablecoin by the end of 2025. Around the time of that announcement, shares in the company acted around $ 77, but the PyPL shares were slipped at the time of writing to $ 58.47, which marks a loss of about 32% years to date.
Solana and Chainlink are both up in the last 24 hours and achieve 5.2% and 1.4% respectively.
Published by Andrew Hayward
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