MetaMask to accept Ethereum purchases through PayPal
Technology
MetaMask to accept Ethereum purchases through PayPal
(Web Desk) - The popular MetaMask’s Web3 wallet has integrated PayPal to accept Ethereum purchase.
The integration with ConsenSys’s MetaMask will allow users to buy and transfer Ether by logging in to MetaMask, hitting the "buy" button, and logging into PayPal before making a purchase, much to PayPal’s checkout option at online shops like Etsy and eBay.
The first step in connecting with Web3 applications like play-to-earn games and various metaverse platforms is frequently opening a cryptocurrency wallet like MetaMask. By making the process of purchasing cryptocurrency less complicated, PayPal’s integration with MetaMask might increase the user base for some of these services.
Similar to PayPal’s checkout feature at online stores like Etsy and eBay, the integration with ConsenSys’s MetaMask will let users buy and transfer Ether by logging in into MetaMask, tapping the “buy” button, and logging into PayPal before making a purchase.
PayPal has embraced crypto in several ways over the past few years. It first gave customers the ability to buy, hold, and sell cryptocurrency on its platform in 2020, and in 2021 added a “checkout with crypto” feature that supported Bitcoin, Litecoin, Ethereum, and Bitcoin Cash.
After having mostly siloed customer crypto funds within the PayPal ecosystem since 2020, the company in June also let its customers transfer any crypto bought on PayPal to other wallets or exchanges.
