The company ConsenSys has announced that U.S. users of the MetaMask crypto wallet will be able to purchase Ethereum cryptocurrency (ETH) using the PayPal payment method.
After its mea (maxima) culpa on privacy, ConsenSys can return to the business field. And in this sector, the Ethereum editor signs a major partnership. It has announced an agreement with PayPal. An announcement that illustrates the growing adoption of cryptocurrencies among the general public and payment providers like PayPal, which claims no less than 429 million users worldwide.
PayPal, buying crypto in a transparent way
Thanks to this partnership, MetaMask will be the first Web3 wallet to use PayPal to increase the success of on-ramp transactions,” says ConsenSys, which insists on its willingness to diversify the payment options on its mobile application.
Initially available for some PayPal users in the United States, this integration allows the purchase and the transparent transfer of ETH from PayPal to MetaMask”, the two companies still indicate.
These ETH transfers to the most used Ethereum wallet allow PayPal customers to access new crypto uses. ConsenSys cites in particular NFT marketplaces, play-to-earn or DeFi and metaverse platforms.
“This integration with PayPal will allow our US users not only to purchase crypto seamlessly through MetaMask, but also to easily explore the Web3 ecosystem,” said Lorenzo Santos, product manager for MetaMask.