MetaMask, a popular crypto wallet and decentralized application (DApp) provider, has launched a new feature that allows users in the United States to purchase Ether (ETH) via PayPal. This collaboration between MetaMask and PayPal was first announced in 2022 and is now being rolled out to users in one of MetaMask’s largest markets.
With this integration, American users can select PayPal as their payment method when buying ETH through MetaMask. Additionally, the integration enables the transfer of ETH from PayPal to MetaMask, providing users with more flexibility and convenience in managing their digital assets.
This partnership with PayPal adds to MetaMask’s extensive ecosystem of payment providers, which already includes Coinbase Pay, MoonPay, Sardine, Transak, and Wyre. The company’s recent quarterly report revealed a significant increase in crypto assets, with a total of $943 million as of March 31, 2023, indicating a growing demand for crypto-related services.
The introduction of the PayPal integration follows closely on the heels of MetaMask’s “Buy Crypto” feature, which allows users to purchase cryptocurrencies directly with fiat currency through its Portfolio DApp. This feature supports over 90 cryptocurrencies across various networks and provides customized quotes based on the user’s location and local regulations.
MetaMask has been actively pursuing partnerships and integrations to expand its services and cater to a broader user base. Recently, the company collaborated with crypto fintech firm MoonPay to facilitate instant bank transfers for crypto purchases in Nigeria, a country known for its significant crypto adoption.
By offering ETH purchases via PayPal to US users, MetaMask aims to simplify the process of acquiring and managing digital assets, further enhancing the accessibility and usability of its platform.
