On Wednesday, December 14, Web3 ecosystem developer and blockchain engineering firm ConsenSys announced that they have joined hands with PayPal in a new way for users to purchase crypto in MetaMask.
This PayPal integration into MetaMask will provide a simple and convenient way for users to purchase crypto. For now, this facility is available only to select MetaMask users in the U.S. and shall roll out to all customers in the coming weeks.
This also makes MetaMask the first Web3 wallet to leverage PayPal and drive successful on-ramp transactions. Note that with the PayPal integration, MetaMask is currently allowing the purchase of only Ethereum (ETH).
MetaMask is a leading self-custody wallet quite popular among crypto users. It also allows millions of crypto enthusiasts to interact with other applications such as play and earn, NFT marketplaces, decentralized finance (DeFi) applications, and decentralized autonomous organizations (DAOs).
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