MetaMask, a cryptocurrency wallet provider, has partnered with PayPal to offer Ethereum (ETH) purchases to US users.
The company states that this makes it the first web3 wallet to enable such transactions through PayPal.
Smooth buying experience
The collaboration between MetaMask and PayPal allows US users to select PayPal as a payment method while buying ETH with MetaMask and also facilitates the transfer of ETH from PayPal to MetaMask.
(embed) https://www.youtube.com/watch?v=-HTubEJ61zU (/embed)
To access this feature, users can log into their MetaMask account through a browser extension, mobile app, or MetaMask Wallet and click “Buy”.
The new integration will enable users to add ETH to their MetaMask wallet using their PayPal balance, linked bank account, or debit card.
While this feature is available in the United States, it is worth noting that it is not available in the state of Hawaii.
The collaboration comes shortly after the recently launched “Buy Crypto” feature that allows users to purchase over 90 tokens across eight different networks using various payment methods, including debit or credit cards, bank transfers, PayPal, and instant ACH.
The eight different networks include Ethereum, Polygon, Arbitrum, BNB Smart Chain, Avalanche Contract Chain, Fantom, Optimis, and Celo.
The partnership, which is one of several efforts to allow users to “buy cryptocurrency seamlessly,” marks another significant development in the cryptocurrency industry, serving as another step toward cryptocurrency adoption.
By enabling users to buy ETH with PayPal, MetaMask makes it easier for people to access and use cryptocurrencies, which could encourage more people to explore the web3 ecosystem.