April 7, 2025
Giving Customers What They Want
The move highlights the growing importance of Solana, known for its fast and cost-effective transactions, and Chainlink, which provides critical decentralized oracle infrastructure for smart contracts. Both are ranked among the top 15 cryptocurrencies by market cap.
Source: X (@maximusham1lton)
PayPal’s Vice President, May Zabaneh, said the update was in response to customer requests for more crypto options. Since introducing crypto on PayPal and Venmo, the company has been expanding its digital asset offerings, including PYUSD which is now available on the Solana network.
Driving Mainstream Adoption
Industry experts see the move as part of PayPal’s ongoing strategy to dominate the digital asset space, leveraging its extensive user base and expertise.
PayPal’s 435 million active accounts and $1.7 trillion in annual payment volume put it in a strong position to drive the mainstream adoption of these cryptocurrencies.
