The leading Web3 firm, ConsenSys, announced on December 14 that US MetaMask users can purchase Ethereum using PayPal within the app. Putting everything differently, it means that the users can also readily acquire nonfungible tokens (NFTs) via MetaMask’s recent PayPal update. It should be remembered that MetaMask is now the first Web3 wallet that is integrating PayPal to facilitate more successful transactions.
Here is something that you need to know.
The leading cryptocurrency wallet has partnered with PayPal to enable users to smoothly and easily buy Ethereum within the Metamask app.
MetaMask’s Recent Update
With MetaMask’s recent update, United States users can readily purchase and transfer ETH using PayPal on MetaMask in a few simple steps. The update is majorly significant because MetaMask is the world’s leading self-custodial wallet among the US population.
Moreover, using the cryptocurrency wallet is a favorite strategy for millions of users to explore other applications, including NFT marketplaces, DAOs, play-to-earn games, decentralized finance, and the metaverse.
Furthermore, buying NFTs will never be easier thanks to the MetaMask platform eliminating the barrier of entry into the digital asset space. In the weeks ahead, users can smoothly fund their MetaMask wallet to make instant purchases.
Product Manager for MetaMask, Lorenzo Santos, stated:
“This integration with PayPal will allow our U.S. users to not just buy crypto seamlessly through MetaMask, but also to easily explore the Web3 ecosystem.”
PayPal Overview
PayPal is a financial technology firm that has been operating an online payment system for over 20 years. The firm has utilized technology to make financial services readily accessible, convenient, and secure.
The users can readily develop an account and link it to their checking account, credit card, and in some cases both. Moreover, the platform has more than 300 million users and merchant accounts in at least 200 markets.
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