- The firm claims to be the first Web3 wallet to integrate with PayPal for ETH transactions.
- MetaMask has been actively seeking integrations and collaborations to broaden its scope.
MetaMask, a supplier of crypto wallets and DApps, has begun enabling Ether transactions using PayPal for customers in the United States, one of its largest markets. To facilitate Ether transactions, the business claims to be the first Web3 wallet to integrate with PayPal.
#DYK
— MetaMask 🦊💙 (@MetaMask) May 11, 2023
MetaMask🦊 is the first web3 wallet to enable users to buy ETH using PayPal!
Get started here👇https://t.co/RGcamJQoQ2
Thanks to the partnership, American customers purchasing ETH with MetaMask now have the option of using PayPal. Because of the connection, one may also send Ether from their PayPal account to their MetaMask wallet.
Actively Seeking Integrations and Collaborations
Last December, the financial technology company partnered up with ConsenSys, the parent company of MetaMask. Promising to make it easier for customers to acquire cryptocurrency and navigate the Web3 ecosystem.
In addition to Coinbase Pay, MoonPay, Sardine, Transak, and Wyre, MetaMask now supports PayPal as a payment option. The firm recorded $604 million in crypto assets as of the previous quarter, but $943 million as of the end of March 2023, according to its quarterly report filed with the U.S. Securities and Exchange Commission (SEC).
Only a few weeks ago, MetaMask revealed a new feature that would let users buy cryptocurrency using fiat cash without ever leaving the Portfolio DApp. Using the new feature, dubbed “Buy Crypto,” customers may pay for a variety of cryptocurrencies using a variety of payment options including debit and credit cards, as well as wire transfers.
The functionality calculates a unique price for each purchase based on the user’s geographic location and applicable laws and regulations. MetaMask has been actively seeking integrations and collaborations to broaden its scope and provide onramps for its clients.
