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PayPal’s cooperation with Crypto wallet MetaMask

PayPal’s cooperation with Crypto wallet MetaMask

PayPal will integrate its purchase, sell and hold crypto services with MetaMask Wallet as the companies look to expand options for users to transfer digital assets from their platforms, the companies stated on Wednesday.

As reported in a press release, the collaboration between the payments company and MetaMask developer ConsenSys is intended to allow users to select their PayPal accounts as a payment option for purchasing Ether (ETH) from within the MetaMask app. This offer is designed to facilitate seamless buys and transfers of Ether from PayPal to MetaMask.

MetaMask plans to use this offering to help bring more users into the Web3 ecosystem as the sector looks for a way forward during the crypto winter.

This integration with PayPal enables our US users to not only seamlessly purchase cryptocurrencies via MetaMask, but also easily explore the Web3 ecosystem,” ConsenSys Product Manager Lorenzo Santos said in a press release.

Select US customers can access the new offering starting today as PayPal works to roll out the service to the rest of its US customers over the next few weeks.

The release follows PayPal’s effort to enable crypto transfers between its platform and different popular crypto exchanges in June. This fintech company started its cryptocurrency buying, selling and holding services in October 2020.

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