Solana drew the crypto market doldrums and rose on Friday by more than 5% after the Retail Payment Giants PayPal and Venmo have rolled out support for SOL.
PayPal announced On Friday, users of both payment platforms could now buy, sell, sell and transfer the native assets for the decentralized Oracle Platform -Kin link.
Link rose by more than 1% on Friday and acts at $ 13.00 at the time of writing. In the meantime, Sol rose from $ 117.15 to a highlight of $ 124 before the trading day was closed for $ 122.78.
For comparison: the total crypto market capitalization decreased in the last 24 hours by almost 1% and almost 2% in the past week, per data Coentecko.
Crypto prizes have fallen as the new wave of rates of President Donald Trump rattles the world markets. Trump signed an executive order on Wednesday that hit a basic line rate of 10% on all imported goods that came in the US, with the aim of protecting domestic production.
He also published a proclamation with the details of “mutual rates” on dozens of specific countries with effect from 9 April, with rates up to 54% on China.
PayPal bought Venmo’s parent company, Braintree, in 2013 for $ 800 million. In addition to Link and Sol, the payment company also supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and the Stablecoin PayPal USD (Pyusd).
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