MetaMask Integrates With PayPal

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onsenSys, a pioneering blockchain software technology innovator, recently declared that its Metamask Web3 wallet will now include PayPal integration. This new feature permits users to rapidly and effortlessly purchase ETH through their wallets with just funds from their PayPal accounts!

On Dec. 14, ConsenSys revealed that the feature would be available to a limited number of PayPal users in the United States first and then spread across more markets shortly afterwards.

Drawing inspiration from the success of PayPal's checkout feature on popular marketplaces such as Etsy and eBay, integration with MetaMask allows users to buy and transfer ETH quickly by logging into their wallet account. All it takes is a few clicks; simply tap "buy", log in using your PayPal credentials, make the payment, that's it!

In an effort to combat this bear market and bring positive change, this new feature is designed to introduce more users into the cryptocurrency world.

By integrating MetaMask with PayPal, the barrier of entry for newcomers to Web3 applications would be significantly lowered. This simple step could increase customer access and usage of popular crypto wallets that are essential for play-to-earn (P2E) games, non-fungible token (NFT) marketplaces, decentralized finance (DeFi) protocols, and metaverse platforms. 

With this integration customers can seamlessly purchase cryptocurrencies without having any prior knowledge or experience in the sector.

“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,” In a recent press release, MetaMask product manager Lorenzo Santos declare.

PayPal has been progressively integrating cryptocurrency into its services over the course of several years. In 2020, it began allowing customers to buy, store and sell crypto on its platform. Then in 2021, PayPal upped the ante by introducing a “checkout with crypto” feature that offers support for multiple digital currencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

Since 2020, PayPal has kept crypto funds from its U.S. users contained within their ecosystem until July 2022 when the company released a statement permitting these customers to transfer any digital currency purchased through them to different wallets and exchanges.

Mike

An editor at Coincrop

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Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.