MetaMask Partners With PayPal To Allow Easy ETH Transactions.
Massive digital payments system PayPal has recently announced their exciting partnership with popular crypto wallet MetaMask to roll out a new feature for the crypto community.
ETH Transactions On Paypal
Through the new partnership, a select number of users in the United States will now be able to easily purchase and make Ethereum transactions using their funds from their PayPal accounts.
To do this, users will simply need to log into their mobile MetaMask app before making their transactions, this process will then redirect users to their PayPal in which they will be able to complete the transaction.
Our US users will now be able to fund their wallet with ETH via @PayPal! 🦊
Rolling out in the next weeks in the US, excl. Hawaii, through our mobile app (make sure to update to v5.13.0)🧵👇https://t.co/392JwFYF3m
— MetaMask 🦊💙 (@MetaMask) December 14, 2022
“This integration with PayPal will allow our U.S. users to not just buy crypto seamlessly through MetaMask, but also to easily explore the Web3 ecosystem.” MetaMask product manager Lorenzo Santos said in the statement.
PayPal’s Support Of Crypto
This move marks the latest in PayPal’s integration in interacting with the crypto and Web3 ecosystem. The major payment system has shown its support for crypto for a long time now, having made major headlines after allowing customers to buy, hold, and sell crypto on their platform back in 2020.
Since then, PayPal has also made another major move in the crypto ecosystem this past June when it allowed for holders in the U.S to transfer, send and receive cryptocurrency, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, to a number of other crypto wallets and exchanges.
Other payment systems aside from PayPal are seemingly also on the move to integrating cryptocurrencies to their platforms. PayPal competitor Stripe for example, recently announced their new tool which would help allow their customers to buy crypto using fiat currencies like the U.S. dollar.