In short: MetaMask has added PayPal as a payment option for US users buying Ethereum. The web3 wallet purportedly supports the first direct purchase of ETH using PayPal, as well as ETH transfers from PayPal to MetaMask. The integration also aims to help increase self-custody adoption. MetaMask already supports several payment channels, such as Coinbase Pay, MoonPay, Wyre, Transak, and Sardine.
Our quick analysis:
MetaMask users in the U.S. can now purchase Ethereum (ETH) with PayPal. This news comes after the web3 wallet announced that it had integrated PayPal as a payment option for Ethereum purchases. MetaMask is the first web3 wallet to allow direct ETH purchase using PayPal, a leader in the digital payment space.
The integration aims to promote self-custody adoption and supports ETH transfers from PayPal to MetaMask. Despite this significant milestone, MetaMask users hope that the wallet will launch its token soon. The MetaMask team has urged users to remain cautious of scams related to MASK tokens and stated that they have no airdrop plans anytime soon.
With the new collaboration, users can use their PayPal balance, linked bank account, or debit card to add ETH to their MetaMask wallet directly. Ethereum purchases can easily be made using the MetaMask browser extension, mobile app, or portfolio feature. The "Buy Crypto" feature supports debit and credit cards and bank transfers.
Currently, MetaMask supports several payment channels, including Coinbase Pay, MoonPay, Sardine, Transak, and Wyre. The integration with MoonPay in late March expanded MetaMask's offerings in Nigeria.
PayPal's quarterly report shows that it had $943 million in crypto assets under management as of March 31, a 56% increase over the preceding quarter when the company reported $604 million.
It is worth noting that the MetaMask team added that the new payment option is only available to U.S. users.
In summary, this welcome news for MetaMask users in the U.S. will undoubtedly lead to more ETH adoption. The collaboration will enable users to purchase ETH conveniently and securely.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
MetaMask users in the U.S. can now purchase Ethereum (ETH) with PayPal. This news comes after the web3 wallet announced that it had integrated PayPal as a payment option for Ethereum purchases. MetaMask is the first web3 wallet to allow direct ETH purchase using PayPal, a leader in the digital payment space.
The integration aims to promote self-custody adoption and supports ETH transfers from PayPal to MetaMask. Despite this significant milestone, MetaMask users hope that the wallet will launch its token soon. The MetaMask team has urged users to remain cautious of scams related to MASK tokens and stated that they have no airdrop plans anytime soon.
With the new collaboration, users can use their PayPal balance, linked bank account, or debit card to add ETH to their MetaMask wallet directly. Ethereum purchases can easily be made using the MetaMask browser extension, mobile app, or portfolio feature. The "Buy Crypto" feature supports debit and credit cards and bank transfers.
Currently, MetaMask supports several payment channels, including Coinbase Pay, MoonPay, Sardine, Transak, and Wyre. The integration with MoonPay in late March expanded MetaMask's offerings in Nigeria.
PayPal's quarterly report shows that it had $943 million in crypto assets under management as of March 31, a 56% increase over the preceding quarter when the company reported $604 million.
It is worth noting that the MetaMask team added that the new payment option is only available to U.S. users.
In summary, this welcome news for MetaMask users in the U.S. will undoubtedly lead to more ETH adoption. The collaboration will enable users to purchase ETH conveniently and securely.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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