PayPal Partnering with Crypto Wallet MetaMask

Joshua Ramos
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Two of the industry’s top names are working to make buying cryptocurrencies that much easier. Coindesk has reported that PayPal is working alongside the cryptocurrency wallet MetaMask to create a new and more efficient cryptocurrency buying experience.

The announcement relays that the two entities are seeking diverse options available to users for the transfer of their digital assets. The two companies revealed the collaboration today through a press release reported by Coindesk

PayPal Users can now buy Crypto

The partnership between PayPal and MetaMask is great news for users who are looking for an easier way to purchase cryptocurrencies. The partnership was created out of the intention to support a simpler and more mainstream approach for PayPal users who want to get into the industry.

The press release revealed that MetaMask developer, ConsenSys, is set to allow users to select PayPal as a payment option when buying Ethereum within the MetaMask platform. Moreover, this development integrates what is a seamless transfer of digital assets between the two platforms.

The development sports a similar functionality to features already available on popular platforms like Etsy and eBay. Additionally, this replicates the checkout feature that allows customers to purchase using their PayPal account. Conversely, the same will now apply when purchasing cryptocurrency via MetaMask.

MetaMask product manager, Lorenzo Santos, stated the benefit of this development will be for introducing customers to Web3. “This integration with PayPal will allow our U.S. users to not just buy crypto seamlessly through MetaMask, but also to easily explore the Web3 ecosystem,” Santos noted.

The development is yet another moment of embrace for PayPal and crypto. The partnership continues the integration of digital assets that have been a focal point of the financial firm since 2020.