MetaMask to allow users to purchase and transfer Ethereum via PayPal

Digital payments level PayPal has teamed up with Metamask’s genitor company, ConsenSys, to let Metamask users to acquisition and transportation Ethereum (ETH) via PayPal's platform.

According to the announcement on Dec. 14, the work volition initially beryllium rolled retired to lone prime PayPal users wrong the United States, since the US is 1 of Metamask’s largest markets, user-wise. 

— MetaMask (@MetaMask) December 14, 2022

The collaboration betwixt Metamask and PayPal is acceptable to let users to seamlessly acquisition and transportation Ethereum (ETH) from PayPal to Metamask, by simply logging onto their Mobile MetaMask App, which would past redirect them to their PayPal accounts to implicit transactions. 

Lorenzo Santos, The Product Manager for MetaMask, shared:

“This integration with PayPal volition let our U.S. users to not conscionable bargain crypto seamlessly done MetaMask, but besides to easy research the Web3 ecosystem.” 

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Paypal is among a increasing fig of accepted payments companies integrating crypto into their services, and allowing users to interact with the crypto ecosystem with ease. 

In November, the planetary integer peer-to-peer payments company, MoneyGram, announced that US users, including users successful the District of Columbia, could buy, sell, and clasp cryptocurrency, specifically Bitcoin (BTC), Ether (ETH), and Litecoin (LTC), via its MoneyGram mobile app. 

In October, Western Union besides filed 3 trademarks for managing integer wallets and exchanging integer assets, arsenic good arsenic commodities derivatives, which indicates the payments institution plans to grow its services into the Web3 sphere. 

The mobile outgo processing app, Cash App, has besides added enactment for transactions via the Bitcoin Lightning Network, to let Cash App users to nonstop and person Bitcoin connected the faster, much businesslike layer-2 protocol.