Paypal has expanded its cryptocurrency offers to the United States by adding Solana (Sol) and ChainLink (link).
These tokens join the existing range of Paypal, which includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and its native stablecoin, Pyusd.
The expansion of Paypal crypto highlights the growing demand for Solana and Chainlink
Solana and Chainlink play critical roles in the blockchain space. Solana supports fast and low cost transactions and is widely used in decentralized financing applications (DEFI), games and web3.
ChainLink, on the other hand, is essential to allow intelligent contracts to access the data from the real world via decentralized orales.
According to Beincrypto data, the two assets are currently classifying among the first fifteen cryptocurrencies by market capitalization. This makes strategic additions to the Paypal crypto offer.
May Zabaneh, Vice-President of Blockchain and Digital Monnaies of Paypal, explained that the update reflects a high demand from users for more crypto options.
According to Zabaneh, the objective is to give users greater flexibility and more ways to interact with digital assets through the Paypal ecosystem.
“Since we initially rendered the cryptocurrencies available on Paypal and Venmo, we have listened to our users of what they want to do with crypto on our platforms. One of the comments we heard is to make the available tokens available that correspond to our mission to revolutionize,” said Zabaneh.
Meanwhile, Paypal’s last decision comes while the company strengthens its presence in the space of digital assets. With more than 434 million active users and a share of 45% of the global online payment market, Paypal is in good position to influence the way in which consumer users are involved with the crypto.
In addition, industry experts see this integration as a next logical step. Max Hamilton, investment researcher at Foresight Ventures, noted that inherited companies like Paypal benefit from in -depth confidence, regulatory experience and extensive networks. These advantages make them well placed to incorporate the crypto without losing ground against new competitors.
“Giants established as [PayPal] Offer an unrivaled advantage in the distribution, a gap built for decades of customer acquisition, market relations and regulatory compliance and we continue to see them co -opted cryptography offers in their ecosystems so as not to be moved by them, “said Hamilton.
Paypal entered the crypto space in 2020 for the first time, allowing users to buy and keep Bitcoin and Ethereum.
Since then, the company has deepened its involvement in the emerging sector by launching Pyusd, a stablecoin in Pyled-Pegged, on Ethereum in 2023.
In 2024, he widened Pyusd to the Solana network. This decision has contributed to increasing the circulating offer of Stablecoin to $ 733 million from press time.
Earlier this year, the company revealed plans to integrate more deeply Pyusd into its ecosystem. This includes traders allowing it to accept it for payments and to extend use cases on its platforms.
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