PayPal expanded crypto asset services and presented popular Altcoin projects Solana (left) and Chainlink (LINK) to its users in the United States and its affiliated regions. Previously, users could only take the left and link through Moonpay partnership.
Paypal made a hopeful announcement for popular Altcoin projects LINK and SOL
According to the company’s crypto FAQ page, digital asset users in the United States and affiliated regions will now be able to buy, store and transfer directly through Paypal. This is an important development for users, because in the previous period, only paypal could be used as a payment tool and left and link purchases can be made via Moonpay. Following the new listing, solana and Chainlink prices have not seen a major change. This development did not create a significant fluctuation in prices according to market data.
Paypal started crypto asset services in October 2020. At first, the company, which offered crypto currencies such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash, included its own dollar -based stablecoin Paypal USD, which was traded on Ethereum and Solana in August 2023. This has expanded the company’s payment methods and assets.
Regulation in the USA is alleviated
Regulation uncertainties in the United States may have led PayPal to a cautious approach to crypto asset listing. In the past, America’s federal agencies conducted strict inspections against the crypto sector and digital currencies, which has undergone institutions’ interest in crypto currencies. In June 2023, the Securities and Stock Exchange Commission (SEC) filed against Binance and Coinbase exchanges and examined Solana as a potential indifferent securities. However, SEC had withdrew the case against Coinbase and stopped the proceedings in the case of Binance. In addition, in July 2024, the SEC had suspended the court decision on the status of SEC, Sollana’s securities.
Following these developments, a new crypto -friendly change of government in the United States can blow a positive wind to beings such as Solana and Chainlink. While the SEC officials accepted their applications for Spot Exchange-Treded Fund (ETF) for Solana, Chainlink’s co-founder Sergey Nazarov joined the crypto asset summit in March in March.
