ConsenSys, a Web3 company, announced that U.S. MetaMask users will be able to purchase crypto (ETH) from “within the app” using PayPal.
MetaMask will reportedly “be the first Web3 wallet to leverage PayPal to drive more successful on-ramp transactions.”
Initially available to select PayPal users in the U.S., this integration “enables the seamless purchase and transfer of ETH from PayPal to MetaMask.”
MetaMask claims it is “the world’s leading self-custodial wallet, the U.S. being among the top markets in terms of users.” The MetaMask wallet is “the primary way millions of users interact with applications that include NFT marketplaces, play and earn games, decentralized autonomous organizations (DAOs), decentralized finance (DeFi) applications, and metaverse worlds.”
Lorenzo Santos, Product Manager for MetaMask, added:
“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.”
The MetaMask and PayPal integration is “the latest in a series of announcements that aims to improve and diversify payment options for users within the MetaMask mobile app.”
As noted in the update, here’s how to use PayPal within MetaMask.
In order to add crypto to your MetaMask wallet with PayPal, you need to:
- Login into the Mobile MetaMask App.
- Click or tap on the Buy button, then select ‘PayPal’
- Enter the desired dollar amount worth of ETH to add to your wallet; you will be redirected to PayPal to log in
- Buy your crypto via PayPal, or if you have enough ETH to complete the transaction, send it without buying more.
After these steps, you have successfully “bought crypto directly in MetaMask and can now explore Web3 easily on the go.”
As covered, ConsenSys claims it is “a leading Ethereum and decentralized protocols software company.”
They aim to “enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web.”
Their product suite, “composed of Infura, Quorum, Codefi, MetaMask, MetaMask Institutional, Truffle, Diligence, and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets.”
Ethereum is “the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On Ethereum’s trusted, open-source foundation, we are building the digital economy of tomorrow.”