Reading 2 minutes Views 4 Published Updated
Cryptocurrency wallet MetaMask has begun rolling out Ether (ETH) purchases via PayPal to users in the United States, one of Metamask’s largest marketplaces. The company claims to be the first Web3 wallet to offer ETH transactions via PayPal.
Through the collaboration, US users can now choose PayPal as their payment method when purchasing ETH with MetaMask. The integration also allows you to transfer ETH from PayPal to MetaMask.
The fintech firm teamed up with MetaMask parent company ConsenSys last December, saying the partnership will allow users to seamlessly purchase cryptocurrencies and easily explore the Web3 ecosystem.
MetaMask is the first web3 wallet to enable users to buy ETH using PayPal!
Get started herehttps://t.co/RGcamJQoQ2
— MetaMask (@MetaMask) May 11, 2023
PayPal joins the broad ecosystem of payment providers already integrated with MetaMask, including Coinbase Pay, MoonPay, Sardine, Transak and Wyre, among others. In a quarterly report filed with the U.S. Securities and Exchange Commission, the company disclosed a total of $943 million in crypto assets as of March 31, 2023, up 56% from the previous quarter, when the company reported crypto assets on $604 million.
The new integration comes just weeks after MetaMask announced a new feature for users to buy cryptocurrency with fiat currency directly from their Dapp portfolio. The new feature, known as Buy Cryptocurrency, allows users to purchase a range of cryptocurrencies using a variety of payment methods, including debit or credit cards and bank transfers.
The service will cover more than 189 countries and support more than 90 cryptocurrencies across eight networks, including Ethereum, Polygon, Arbitrum, BNB Smart Chain, Avalanche Contract Chain, Fantom, Optimis and Celo. For each purchase, the feature takes into account the user’s location and local regulations to provide a personalized offer.
MetaMask is committed to integration and partnerships to expand its reach and offer additional value to its customers. One of his recent developments has been to expand direct access to cryptocurrencies in Nigeria. Through a partnership with cryptocurrency fintech MoonPay, the wallet now allows users in the African country to buy crypto using instant bank transfers. According to the Chainalysis 2022 Global Cryptocurrency Adoption Index, Nigeria is among the top 20 countries with the highest level of crypto adoption.