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.
Currently, the service will be rolled out to selected PayPal users within the United State.
Our US users will now be able to fund their wallet with ETH via @PayPal!— MetaMask (@MetaMask) December 14, 2022
Rolling out in the next weeks in the US, excl. Hawaii, through our mobile app (make sure to update to v5.13.0)https://t.co/392JwFYF3m
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.