PayPal Teaming Up with Crypto Wallet MetaMask To Make It Easy to Buy Crypto

PayPal will integrate MetaMask Wallet with its crypto buy, sell, and hold services as the companies seek to expand users’ options for transferring digital assets from their platforms.

According to a press release the partnership between ConsenSys and the payments company is designed to allow users to choose their PayPal accounts to purchase ether (ETH). This offering will allow seamless transfers and purchases of ether from PayPal into MetaMask.

MetaMask plans to offer the service in order to bring more users into Web3 ecosystem, at a time that the sector is struggling. looking for a way forward During crypto winter.

In a press release, ConsenSys product manager Lorenzo Santos stated that “this integration with PayPal will enable our U.S. customers to not only buy crypto seamlessly through MetaMask but also to easily explore and explore the Web3 ecosystem.”

The new service will be available to select U.S. clients starting today. PayPal is working to make the service available to all customers in the United States over the next few months.

This launch comes after PayPal’s push for enable crypto transfers Between its platform and many popular crypto exchanges in June. The fintech company debuted In October 2020, it will offer its crypto buy-sell-hold service.

Learn More How to Set Up a MetaMask Wallet