BCGAME - Free 5BTC Daily Bonus!In a recent collaboration, US users now have the option to choose PayPal as their payment method when purchasing Ethereum (ETH) through MetaMask. This integration paves the way for transferring ETH from PayPal to MetaMask, providing a more convenient cryptocurrency shopping experience.
In late 2022, PayPal teamed up with ConsenSys, the parent company of MetaMask, with the aim of offering users a seamless way to buy cryptocurrencies and explore the Web3 ecosystem. This partnership aims to simplify the process of buying cryptocurrencies, making it more accessible to everyone.
MetaMask🦊 is the first web3 wallet to enable users to buy ETH using PayPal!
Get started here👇https://t.co/RGcamJQoQ2
- MetaMask 🦊💙 (@MetaMask) May 11, 2023
Additionally, PayPal joins other payment providers that are already integrated with MetaMask, such as Coinbase Pay, MoonPay, Sardine, Transak and Wyre. This wide network of integrations allows users to choose the payment method that is most convenient for them.
In the quarterly report released to the US Securities and Exchange Commission, PayPal revealed a significant increase in its cryptocurrency assets. As of March 31, 2023, the company had a total of $943 million in crypto assets, a 56% jump from the previous quarter, where it reported $604 million. These numbers indicate the growing interest and adoption of cryptocurrencies by PayPal users.
The new integration between PayPal and MetaMask comes at a time when MetaMask has also announced a new feature called “Buy Crypto”. This feature allows users to buy a variety of cryptocurrencies, including Ethereum, directly from their Dapp portfolio. With multiple payment options available such as debit, credit and bank transfers, users have more flexibility when purchasing cryptocurrencies.
MetaMask continues to pursue partnerships and integrations to expand its reach and provide a broader on-ramp for its customers. The company recently extended its direct access to cryptocurrencies in Nigeria through a partnership with fintech cryptocurrency MoonPay. This initiative aims to address the growing demand for cryptocurrencies in Nigeria, a country that is among the global leaders in cryptocurrency adoption, according to the Chainalysis 2022 Global Crypto Adoption Index.
In summary, the partnership between PayPal and MetaMask allows US users to purchase ETH using PayPal as a payment method on MetaMask. This integration facilitates the transfer of ETH between the two platforms and further strengthens MetaMask's position as one of the top cryptocurrency wallets in the Web3 ecosystem.
