On May 11, MetaMask revealed that it had added PayPal as a payment option for Ethereum purchases. However, the new paid channel is only available to US users.
“MetaMask is the first web3 wallet that allows users to buy ETH using PayPal, a leader in the digital payment space,” he said.
The integration also supports ETH transfers from PayPal to MetaMask, leading to further adoption of self-custody.
However, many of those who responded to the tweet were more interested in knowing when MetaMask would launch its own token. The firm has urged users to avoid MASK token scams, adding that there are no immediate airdrop plans.
MetaMask🦊 is the first web3 wallet that allows users to buy ETH using PayPal!
Start here 👇https://t.co/RGcamJQoQ2
— MetaMask 🦊💙 (@MetaMask) May 11, 2023
MetaMask PayPal Collaboration
The collaboration was initially announced in December, but payments have just been made. thrown out.
“With this new integration, users will be able to use their PayPal balance, linked bank account, or debit card to add ETH to their MetaMask wallet directly.”
Ethereum purchases can be easily made through the MetaMask browser extension, mobile app, or the wallet feature. The “Buy Crypto” feature also supports debit and credit cards and bank transfers.
In addition to PayPal, MetaMask already supports several payment channels, including Coinbase Pay, MoonPay, Sardine, Transak, and Wyre.
Recent PayPal and MetaMask moves
In a quarterly report filed this week, PayPal revealed that it had $943 million in crypto assets under management as of March 31. Additionally, the number represents a 56% increase from the previous quarter, when the company disclosed $604 million.
At the end of March, MetaMask integrated the crypto financial platform MoonPay to expand its offerings in Nigeria.
In February, the popular Web3 wallet introduced a series of privacy features following criticism online about how it handled transaction data.
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