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What happened?
PayPal has expanded its digital asset services by adding support for Solana (SOL) and Chainlink (LINK) in the U.S. and its territories. Users can now buy, sell, hold, and transfer these cryptocurrencies directly through PayPal. This is a significant addition to PayPal’s existing crypto offerings, which previously included Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Who does this affect?
This change primarily impacts PayPal users in the United States and its territories who are interested in cryptocurrency. It provides them with easier access to Solana and Chainlink without needing third-party services. Additionally, it benefits the broader cryptocurrency community by increasing liquidity and accessibility through a popular platform like PayPal.
Why does this matter?
This development could have a substantial impact on the market by potentially increasing the demand for Solana and Chainlink. Greater accessibility through PayPal, a major financial platform, suggests growing institutional acceptance and integration of crypto assets. It also indicates a shift in the regulatory landscape, as more platforms feel secure enough to expand their cryptocurrency offerings despite past scrutiny.
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