The leading Web3 company, ConsenSys, announced yesterday that US MetaMask users can buy Ethereum using PayPal within the app. To put it differently, this means that users can also easily buy NFTs through MetaMask’s recent PayPal update. It must be remembered that Metamask is now the first Web3 wallet that’s integrating PayPal to facilitate more successful transactions. Here’s what you need to know.
MetaMask’s Recent Update
With Metamask’s recent update, US users can seamlessly buy and transfer ETH with PayPal on MetaMask in a few simple steps. This update is vastly significant due to the fact that MetaMask is the world’s leading self-custodial wallet among the US population. Further, using the crypto wallet is a favourite way for millions of users to explore other applications, including NFT marketplaces, play-to-earn games, DAOs, DeFi and the metaverse.
Moreover, purchasing NFTs will never be easier thanks to MetaMask removing the barrier of entry into the digital asset space. In the coming weeks, users will be able to effortlessly fund their MetaMask wallet to make immediate purchases.
“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,” said Lorenzo Santos, Product Manager for MetaMask.
PayPal, the financial technology company, has been running an online payment system for more than 20 years. The company has used technology to make financial services easily accessible, convenient and secure. Its users can freely create an account and connect it to their checking account, credit card, or both. Further, the platform has over 300 million users and merchant accounts in more than 200 markets.