PayPal Launches MetaMask Web3 Wallet Integration to Enable Ethereum Transactions

Fortune Crypto | Marco Quiroz-Gutierrez | Dec 14, 2022

Paypal and metamask - PayPal Launches MetaMask Web3 Wallet Integration to Enable Ethereum TransactionsUsers of the popular MetaMask Web3 wallet will soon be able to buy the second-most-popular cryptocurrency, Ether, via PayPal.

  • Similar to PayPal’s checkout feature at online stores like Etsy and eBay, the integration with ConsenSys’s MetaMask will let users buy and transfer Ether by logging in into MetaMask, tapping the “buy” button, and logging into PayPal before making a purchase.
  • The company said in a statement that select U.S.-based MetaMask customers will be able to use PayPal to buy Ether as of Wednesday, and that the feature will be rolled out to all U.S. users in the coming weeks.

See:  PayPal Finally Allows Users to Transfer Crypto to Other Wallets and Exchanges

  • A crypto wallet like MetaMask is often the starting point for interacting with Web3 applications like play-to-earn games and some metaverse platforms. Adding PayPal to MetaMask could broaden the customer base for some of these applications by removing the complexity from buying crypto.
  • Last week, PayPal competitor Stripe launched its own tool to help Web3 companies, including games and NFT marketplaces, allow their customers to buy crypto with fiat currencies like the U.S. dollar.

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