Consensys, the parent company of MetaMask, has partnered with online payment giant PayPal to integrate the latter with the various payment methods of the essential Ethereum (ETH) wallet. This feature will initially be limited to US residents, however, and we don’t yet know if it will expand further.
PayPal rejoins the MetaMask wallet
ConsenSys, the parent company of MetaMaskannounced in a press release that users of the digital wallet could now go through PayPal to buy Ether (ETH). Therefore, MetaMask, the most used wallet for cryptocurrencies, will be the first to integrate PayPal into its payment options.
However, this new feature is currently reserved for residents of the United Statesand ConsenSys did not specify whether the measure will extend more widely around the world for all users of the famous wallet.
Lorenzo Santos, Product Manager for MetaMaskhe added:
“This PayPal integration will allow our US users to not only seamlessly buy cryptocurrency through MetaMask, but also easily explore the Web3 ecosystem. »
This integration could participate in wider adoption of cryptocurrenciesPayPal is an internationally recognized entity and MetaMask is one of the first gateways to Web3.
This announcement echoes recent news that Stripe, the online payments giant, recently integrated a streamlined and instant fiat to crypto payment solution for Web3 businesses.
👉 On the same topic – ConsenSys reacts and announces an update of MetaMask settings
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Source: ConsensSys
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Passionate about the world of decentralized finance and the innovations brought by Web 3.0, I write articles for Cryptoast to help make the blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilian Prue
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