PayPal Enables Native Solana and Chainlink Support for U.S. Users

The FAQ section on PayPal shows United States-based users plus U.S. territory-residing users can acquire and store Solana (SOL) and Chainlink (LINK) directly from their PayPal accounts.

Increased Crypto Access on PayPal

Managers previously needed MoonPay cryptocurrency payment service provider to purchase SOL or LINK from their PayPal account. Solana and Chainlink obtained direct PayPal integration which created more opportunities for users to access these assets.

Clients showed no change in Solana and Chainlink prices due to The Block's price page data.

PayPal's Crypto Evolution

PayPal started raising its crypto service capabilities beginning in October 2020. The company introduced BTC, ETH, LTC, and BCH for United States users through its payment system. On Ethereum and Solana the company launched PayPal USD (PYUSD) which serves as a stablecoin backed by U.S. dollars during August 2023.

The ambiguity regarding U.S. cryptocurrency regulations has influenced PayPal to adopt a safe stance toward crypto adoption. Federal agencies filed lawsuits against crypto companies throughout previous years which prompted big investors to feel apprehensive.

Regulatory Landscape and Shifting Sentiment

During June of 2023 the United States Securities and Exchange Commission (SEC) filed charges against Binance and Coinbase due to their alleged statements about Solana (SOL) along with other assets being possible unregistered securities. However, the SEC subsequently withdrew its complaint against Coinbase and suspended action against Binance. Interestingly enough, in July of 2024, the agency closed out its request for a judicial opinion on Solana being a security in the Binance case.

At the same time, new pro-crypto administration in the U.S. government may indicate a more positive regulatory climate for Chainlink and Solana. The SEC has acknowledged several spot Solana ETF applications, while Chainlink co-founder Sergey Nazarov attended the first White House digital asset summit in March 2025.

Disclaimer: The Block is a self-sufficient media publication that provides news, research, and data. Foresight Ventures is, as of November 2023, a controlling investor in The Block. Foresight Ventures invests in other crypto firms, such as Bitget, which is a crypto exchange. The Block is editorially independent to provide unbiased and accurate coverage of the cryptocurrency ecosystem.

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