The US-based payment platforms Peepal and Venmo have expanded their crypto offer with two new token-chainlinks (links) and Solan (Sol). Payal Holdings, Inc. The company claimed that it analyzed the response from its user community, so that these two tokens could be listed for purchases, sales and trade. In the coming weeks, venamo and papail users will be able to connect with links and souls.
PayPal leadership wants to provide better access to digital currencies estimated 434 million userbase. It comes at a time when the US wants to create a favorable legal ecosystem for the Crypto sector. Even though the regulatory environment around Crypto was not clear in the US in 2020, Payal listed the crypto tokens on its platform. Currently, there are bitcoins, ether, litcoin, bitcoin cash and other tokens available on the USD platform.
May Zabaneh, the vice -president of products, blockchains, cryptos and digital currencies in Paple, said, “We are hearing our users about what they want to do with Crypto on our platforms. The feedback we have heard is to provide additional tokens.”
Currently, Chenlink is the 13th largest crypto by market cap, according to it CoinmarketcapCurrently, the link token is trading at $ 10.70 (about Rs 920), with more than 657 million tokens in circulation. The total assessment of link tokens is currently $ 7.11 billion (about Rs 60,993 crore).
Meanwhile, Solana ranks seventh on the index of the largest crypto token in the coinmarketcap. With more than 515 million soul tokens in circulation, its current market cap is $ 52.2 billion (about Rs 44,8671 crore). At the time of writing, Sol is trading on global exchanges at $ 101.47 (about Rs 8,580).
“Links and Sol’s joint reflects the digital currency landscape to develop the company’s dedication and promotes greater access and engagement in the Cryptocurrency market,” Paple declaration.
History of PayPal with Crypto
After entering the Crypto listing in Payal 2020, it took several other steps to use gradually with web 3 services. In 2021, it began to allow its UK customers to connect with the crypto assets listed on their platforms.
In 2022, when Payal began working on its USD-supported Stabelcoin, it appointed a six-member advisory council to research and analyze on the USECs related to blockchain who could improve its infrastructure. Later in 2023, the company finally launched the Pyusd Stablecoin.
Last year, PayPal began to allow its US-based business account holders to purchase, sell and organize cryptocurrency directly through their papail accounts.
In 2023, the platform claimed that $ 499 million (about Rs 4,095 crore) of the customer’s assets as bitcoin and $ 362 million (about Rs 2,971 crore) as an ether token. Cumulated, Paple said that at that time the user’s property was held about 1 billion dollars (about Rs 8,210 crore) of Crypto.
In February, through an officer blog postPayal called himself the first and only payment company, which reimburses users up to an additional cost of $ 50,000 (about Rs 42.9 lakh) at no additional cost for unauthorized crypto transfer.
