Users can now buy Ethereum on MetaMask using PayPal December 16, 2022
Users can now buy Ethereum on MetaMask using PayPal <br><br><br>
Users can now buy Ethereum on MetaMask using PayPal
Users in the US can now purchase Ethereum on their wallets using PayPal as MetaMask integrates PayPal into its wallet. ConsenSys Inc., the company behind one of the biggest crypto wallets, MetaMask, made an announcement on Thursday to partner with PayPal Holdings Inc.
The PayPal integration service will be only available through the MetaMask mobile app. The users in the US already have the accessibility to make crypto purchases through their MetaMask wallet using MoonPay, Wyre, Tansak, or CoinbasePay on the MetaMask browser extension.
MetaMask becomes the first Web3 platform to partner with the payment giant for easier purchase of cryptocurrencies.
ConsenSys also claimed to expand its services throughout the nation in the coming weeks. At present, only users residing in the US can take advantage of this service, except those living in Hawaii.
Product Manager for Metamask Lorenzo Santo said, “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.”
Santos also claimed that a 1% fee from MetaMask would be applied to all purchases made on the app. Moreover, PayPal fees will also be applicable.
Metamask took to Twitter and said, “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).”
By May 2022, PayPal hoped to expand its services by moving into other-party wallets, the payment giant first offered its users the services to purchase Bitcoin, Ethereum, Bitcoin Cash, and Litecoin in 2020.
Aaron Gould, PayPal’s Crypto Communications Lead, shared on Twitter, “Pleased to welcome the fox to the PayPal ecosystem.”
This integration will also help make easier the onboarding process for the new crypto buyers; now, they don’t have to go to the exchanges or go through their difficult processes to buy a cryptocurrency and have the feasibility to send their funds to the MetaMask wallet.
Since 2020, PayPal has allowed users to purchase, sell and hold Ethereum (ETH) and other cryptocurrencies through its e-wallet platform. This makes the process less risky for beginners, as PayPal offers a reliable option for buyers in countries facing banking restrictions or other barriers to entry when trading digital currencies. However, there are some drawbacks to purchasing directly via the platform that can impact an investor’s entire experience.
There are many ways to buy ETH with PayPal, and every crypto investor can find a purchase method that meets their needs. Here are the most popular and easy ways to buy Ethereum with PayPal, as well as the benefits of each method. 1. Buying Ethereum directly with PayPal One of the simplest ways to buy ETH is to purchase it directly from an exchange using PayPal. This is a quick and easy option for those who already have a PayPal account and are looking for a fast way to buy ETH. 2. Using a broker that accepts PayPal Another option for buying ETH is to use a broker that accepts PayPal as payment. This is a great option for those who want to use PayPal but don’t have an account with an exchange. 3. Using a peer-to-peer marketplace that accepts PayPal Another option for buying ETH is to use a peer-to-peer marketplace that accepts PayPal as payment. This is a great option for those who want to use PayPal but don’t have an account with an exchange or broker.
If you want to be in the know about all things blockchain and cryptocurrency, then be sure to subscribe to our weekly newsletter. You’ll always have access to the latest and greatest information because our blockchain consultants are constantly updating our blockchain knowledge base with new reports and insights. Plus, you can use our Knowledge Base as a resource for anything you need related to blockchain technology.