PayPal Just Added SOL and LINK, But There’s A Catch
April 5, 2025 at 6:17 PMby The Block Whisperer
+4
+0
PayPal expands crypto offerings with Solana and Chainlink, but users still can't withdraw tokens to external wallets.
PayPal is getting cozy with crypto as fast as banks are rushing to file Bitcoin ETF applications.
The payments giant just added Solana and Chainlink to their platform, bringing their total crypto lineup to seven coins that normies can buy with a few clicks.
But before you celebrate too hard, they're still keeping these coins in their walled garden.
Solana and Chainlink are now available for all U.S. PayPal users to buy, sell, and hodl directly in their accounts.
SOL brings its ridiculous transaction speeds and penny-level fees to PayPal's 36 million merchants and hundreds of millions of users.
LINK adds oracle functionalities that connect smart contracts with real-world data, which sounds boring until you realize it's the backbone of most DeFi you've ever used.
This move puts both tokens in front of normies who still think setting up a MetaMask wallet is next to impossible.
Here's where PayPal pulls its classic move – you can buy these tokens, but you can't actually withdraw them to external wallets yet.
It's the crypto equivalent of buying a car but not being allowed to drive it out of the dealership.
This "Hotel California" approach to crypto (you can check in, but you can never leave) is peak traditional finance trying to control decentralized assets.
PayPal's basically telling users, "Trust us to hold your magic internet money" while the entire crypto community screams "not your keys, not your coins" in unison.
Both tokens pumped on the news, with SOL up 1.8% and LINK climbing 2.5%.
These aren't exactly moon shots, but in this market, any green is better than the alternative.
PayPal's moves matter because they're essentially a gateway drug to crypto for millions of everyday users who wouldn't touch a DEX with a ten-foot pole.
When a company with hundreds of millions of users adds your token, it's like getting listed on a Tier 1 exchange but for boomers and millennials who still use Facebook.
PayPal is building an entire ecosystem around crypto at a rapid pace – they've promised to let merchants settle transactions in crypto by the end of 2025, which is basically tomorrow in corporate timeline years.
Their stablecoin PYUSD is clearly the centerpiece of this strategy, with SOL and LINK just additional pieces in their chess game against traditional banking.
This is the same company that once froze accounts for incorrectly estimating them, now positioning itself as a crypto champion—the irony is thick.
PayPal adding Solana and Chainlink is objectively good for onboarding the next wave of crypto users who don't know what a seed phrase is.
But it also represents everything blockchain was created to disrupt – centralized control of financial assets by companies that can freeze your funds on a whim.
It's like watching your rebellious anti-establishment friend get a corporate job and start talking about 401k matching – somewhat necessary but spiritually disappointing.
For crypto OGs, this is another sign that the revolution is being institutionalized, which, depending on which side of 2017 you joined, is either the ultimate victory or the ultimate sell-out.
PayPal integrating SOL and LINK is just another step toward the inevitable merge of traditional and crypto finance.
Every bank, payment processor, and financial institution is figuring out how to stay relevant in a world where code can replace their entire business model.
These additions might seem small now, but they're part of a massive shift that's happening whether the old guard likes it or not.
Explore more articles like this
Subscribe to Asvoria News to receive all the latest news.
Stay ahead with exclusive press releases and expert insights on Web3 and the Spatial Web. Be the first to hear about Asvoria’s latest innovations, events, and updates. Join us — subscribe today!
© 2025 Asvoria. All rights reserved.
Avoria does not endorse or promote investment in any of the tokens or NFT projects featured on this platform.
We accept no responsibility for any losses incurred. Users should conduct their own research and consult with a financial advisor before investing.
For more information about Doing Your Own Research (DYOR), please visit this link.