MetaMask to allow users to purchase and transfer Ethereum via PayPal

Digital payments platform PayPal has collaborated with MetaMask parent company Consensys to allow MetaMask users to purchase and transfer Ether via PayPal's platform. 

MetaMask to allow users to purchase and transfer Ethereum via PayPal

Currently, the service will be rolled out to selected PayPal users within the United State.

The service will initially be rolled out only to select PayPal users within the United States as the country is one of MetaMask's largest markets in terms of users. 

The collaboration is intended to allow users to seamlessly purchase and transfer ETH from PayPal to MetaMask by logging into their Mobile MetaMask app which will redirect them to their PayPal account to complete transactions.

According to Lorenzo Santos product manager at MetaMask expressed: 

“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.” 

PayPal is a growing number of traditional payments companies integrating crypto into their service and seeking to allow users to interact with the crypto ecosystem with ease.

In November global digital peer-to-peer payments company MoneyGram expressed that U.S. users in Washington DC could buy and sell cryptocurrency via the Money Gram Mobile app

In October Western Union also filed three trademarks for managing digital wallets and exchanging digital assets as well commodities derivatives. 

Mobile payment app Cash App has added support for a transaction via the Bitcoin Lightning Network to allow users to send and receive BTC on the faster more efficient layer 2 protocol. 

Related: Now metamask tracking your IP address when you send txns