- Ethereum (ETH) purchases are now possible for users in the United States thanks to a partnership between PayPal and cryptocurrency wallet service MetaMask.
- To access this feature, users can log in to their MetaMask account through the browser extension, mobile app, or MetaMask Portfolio and click on “BUY.”
MetaMask, the popular Ethereum wallet and browser extension, has announced a new feature that allows United States-based users to purchase Ether (ETH) using PayPal. This move is a significant development for the cryptocurrency industry, as PayPal has been gradually adopting cryptocurrencies into its ecosystem. Last year, PayPal launched a feature that allows users to buy, hold, and sell cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
MetaMask, which is widely used by the Ethereum community for storing and managing Ethereum-based assets, has now integrated PayPal into its platform to enable users to easily purchase ETH. To access this feature, users need to go to the “Buy ETH” tab within the MetaMask wallet, select the amount of ETH they want to purchase, and then complete the transaction using their PayPal account.
#DYK
— MetaMask 🦊🫰 (@MetaMask) May 11, 2023
MetaMask🦊 is the first web3 wallet to enable users to buy ETH using PayPal!
Get started here👇https://t.co/RGcamJQoQ2
This new feature is expected to make it easier for people to invest in Ethereum and participate in the decentralized finance (DeFi) ecosystem. DeFi applications are built on top of the Ethereum blockchain and allow users to access financial services without intermediaries such as banks.
According to the MetaMask team, this new feature is just the beginning of the platform’s efforts to make it easier for people to access the world of Ethereum and DeFi.
We believe that Ethereum and DeFi are the future of finance, and we want to make it easy for everyone to participate. With this new integration with PayPal, we’re taking a significant step towards that goal.
Dan Finlay, co-founder of MetaMask said.
The ability to purchase Ethereum using PayPal is expected to drive more adoption of both Ethereum and cryptocurrencies in general. As more people invest in cryptocurrencies, the demand for DeFi applications is expected to increase, which could further drive the growth of the Ethereum ecosystem.
In conclusion, MetaMask’s integration with PayPal to allow US users to buy ETH is a significant development for the cryptocurrency industry and is expected to make it easier for people to invest in Ethereum and participate in the DeFi ecosystem. With more mainstream adoption of cryptocurrencies, we can expect to see further growth and innovation in the industry.
About The Author
