Crypto Wallet and Decentralized Application (DAPP) Provider Metamask has begun Rolling Out the Ability to Buy Ether Via PayPal for UNITED Stat ES One of Metamask's Large Markets. The Company Claims to Be the First Web3 Wallet to Offer Ether, Transaction Via PayPal.
Through the partnership, users in the US can now choose PayPal as their payment method when buying ETH with MetaMask. The integration also makes it possible to transfer ETH from PayPal to MetaMask.
The fintech firm partnered with MetaMask parent company ConsenSys last December, claiming that the partnership will allow users to seamlessly purchase cryptocurrencies and easily explore the Web3 ecosystem. PayPal is joining a broad ecosystem of payment providers already integrated with MetaMask , including Coinbase Pay, MoonPay, Sardine, Transak, and Wyre, among others. In a quarterly report to the US Securities and Exchange Commission, the company disclosed a total of $943 million in crypto assets as of March 31, 2023, a 56% increase from the previous quarter, when The company reported to $604 million.
The new integration comes just weeks after MetaMask announced a new feature allowing users to buy cryptocurrencies for fiat currencies directly from its Portfolio DApp. Dubbed "Buy cryptocurrencies," the new feature enables users to buy a range of crypt currencies using a variety of payment methods, including debit or credit cards and bank transfers.
The service will cover more than 189 countries and support more than 90 cryptocurrencies across eight networks, including Ethereum, Polygon, Arbitrum, BNB Smart Chain, Avalanche, Fantom, Optimis and Celo. For each purchase, the feature takes into account the user's lo cation and local regulations to provide a customized offer. MetaMask has been pushing for integrations and collaborations to expand its reach and provide on-ramps to its clients. One of its recent developments has sought to expand direct access to cryptocurrencies in Nigeria. In partnership with c cryptocurrency fintech company MoonPay, the wallet now enables users in African countries to purchase cryptocurrencies with instant bank transfers. According to the Chainalysis 2022 Global Cryptocurrency Adoption Index, Nigeria ranks in the top 20 for cryptocurrency adoption.
