BlocksInform
One of Metamask’s largest markets, the United States, has begun to offer customers the ability to purchase Ether using PayPal. METAMASK is a provider of cryptocurrency wallets and decentralized applications (DApps). The company asserts that its Web3 wallet is the first to allow PayPal transactions for Ether.
Due to the agreement, PayPal is now an option for American consumers when using MetaMask to purchase ETH. Transferring ETH from PayPal to MetaMask is also made easy through the integration.
Last December, the financial technology company joined forces with MetaMask’s parent company ConsenSys, stating that the alliance would make it simple for customers to purchase cryptocurrencies and navigate the Web3 ecosystem.
is the first web3 wallet to enable users to buy ETH using PayPal!
Get started here
— MetaMaskhttps://t.co/RGcamJQoQ2
(@MetaMask) May 11, 2023
In addition to COINBASE Pay, MoonPay, Sardine, Transak, and Wyre, there is a huge ecosystem of payment gateways already linked with MetaMask. PayPal is the latest such. The firm declared a total of $943 million in crypto assets as of March 31, 2023, in a quarterly report filed with the U.S. Securities and Exchange Commission. This represents a 56% increase from the previous quarter when the company recorded crypto assets of $604 million.
The new integration was disclosed just a few weeks after MetaMask unveiled a new feature allowing users to buy cryptocurrency straight from its Portfolio DApp using fiat money. With the new feature, “Buy Crypto,” customers may now buy a variety of cryptocurrencies using a variety of payment options, Such as bank transfers and debit or credit cards.
The service will be available in more than 189 countries and will support more than 90 cryptocurrencies on eight different networks, including Ethereum, Polygon, Arbitrum, BNB Smart Chain, Avalanche, Fantom, Optimis, and Celo. The tool considers the user’s location and regional laws for each purchase to generate a personalized quote.
In order to broaden its target market and provide on-ramps for its customers, MetaMask has been promoting integrations and collaborations. One of its most recent initiatives was to increase Nigerians’ direct access to cryptocurrency. The wallet now allows users in the African nation to buy cryptocurrency via immediate bank transfers thanks to a partnership with the crypto fintech company MoonPay. According to the Chainalysis 2022 Global Crypto Adoption Index, Nigeria is among the top 20 nations for cryptocurrency adoption.
MetaMask Simplifies Cryptocurrency Trading With New Fiat Purchase Option
MetaMask, a company that offers decentralized applications (DApps) and wallets for cryptocurrencies, has unveiled a new feature that allows users of its Portfolio Dapp to buy digital currencies using fiat money. The move is intended to make purchasing cryptocurrencies with fiat currency simple for users. Https://twitter.com/MetaMask/status/1645446587131346946 The new "Buy Crypto"…
In "Crypto News"
ConsenSys Rolls Out An Institutional Staking Platform On MetaMask
ConsenSys has created the first staking marketplace for organizations on the MetaMask Institutional web3 wallet. MetaMask Institutional, a web3 wallet for institutions, announced through Twitter that its developer, ConsenSys, has opened the first institutional staking marketplace on Ethereum (ETH). ConsenSys developed the marketplace with the assistance of four prominent staking…
In "Crypto News"
MetaMask Offers Fiat On-Ramp Solution in India
MetaMask is offering now a new fiat on-ramp solution for users in India that want to purchase cryptocurrencies such as Ethereum (ETH), BINANCE Coin (BNB), or Polygon (MATIC), among others. In the past, metamask was a crypto wallet only that has now been integrated with onramp.money to allow users to…
In "Breaking"
