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Investing.com -- PayPal (NASDAQ:PYPL) Holdings, Inc. (NASDAQ: PYPL) has expanded its cryptocurrency services by adding Chainlink (LINK) and Solana (SOL) to its digital wallet offerings. Customers of PayPal and its mobile payment service, Venmo, can now buy, hold, sell, and transfer LINK and SOL directly within their accounts.
The move comes as a response to customer feedback seeking more diverse cryptocurrency options on the platforms. May Zabaneh, Vice President of Product, Blockchain, Crypto, and Digital Currencies at PayPal, emphasized the company’s commitment to payment innovation and the importance of offering additional tokens to meet user demand for more flexibility and choice in digital currencies.
Chainlink is recognized for its role in facilitating data, computation, and cross-chain interoperability for blockchain applications, while Solana stands out for supporting a broad array of decentralized applications and crypto projects. The inclusion of these cryptocurrencies allows users to engage with the growing ecosystem of decentralized finance, gaming, and community infrastructure networks.
PayPal’s strategy reflects its dedication to the digital currency landscape and aims to provide users with a secure and familiar platform to access and engage with cryptocurrencies.
The integration of LINK and SOL is set to roll out over the coming weeks, giving PayPal and Venmo users additional options for their cryptocurrency transactions. This initiative is part of PayPal’s ongoing efforts to promote greater accessibility in the cryptocurrency market.
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