PayPal activates native Solana and Chainlink support for users in US territories
Powered by @unfolded- PayPal has introduced direct support for Solana (SOL) and Chainlink (LINK) for users in the U.S. and its territories, allowing them to buy, sell, hold, and transfer these cryptocurrencies directly on the platform.
- Previously, SOL and LINK could only be purchased through PayPal via a partnership with MoonPay, a crypto service provider.
- This expansion follows PayPal's ongoing development in the crypto space, which began in October 2020 with support for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, and includes the introduction of its own stablecoin, PayPal USD, in August 2023.
- The cautious approach to listing new cryptocurrencies has been influenced by past regulatory scrutiny and actions by federal agencies against the crypto industry, particularly concerning the classification of Solana as a potential unregistered security.
https://www.theblock.co/post/349294/paypal-solana-chainlink-usa