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ConsenSys teams with PayPal for a new way to buy crypto in MetaMask

By Edlyn Cardoza

December 19, 2022

  • Consensys
  • DAOs
  • DeFi
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ConsenSys, Web3, MetaMask, PayPal, ETH, NFT, DAOs, DeFi, Metaverse, USAConsenSys, a market-leading Web3 company, announced that U.S. MetaMask users can purchase crypto (ETH) from within the app using PayPal. MetaMask will be the first Web3 wallet to leverage PayPal to drive more successful on-ramp transactions.

Initially available to select PayPal users in the U.S., this integration enables the seamless purchase and transfer of ETH from PayPal to MetaMask.

MetaMask is the world’s leading self-custodial wallet, the U.S. being among the top markets in terms of users. The MetaMask wallet is the primary way millions of users interact with applications that include NFT marketplaces, play and earn games, decentralized autonomous organisations (DAOs), decentralised finance (DeFi) applications, and metaverse worlds.

Lorenzo Santos, Product Manager for MetaMask, added, “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.”

The MetaMask and PayPal integration is the latest in a series of announcements that aims to improve and diversify payment options for users within the MetaMask mobile app.

ConsenSys is a leading Ethereum and decentralised protocols software company. They enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Their product suite, composed of Infura, Quorum, Codefi, MetaMask, MetaMask Institutional, Truffle, Diligence, and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets.

Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On Ethereum’s trusted, open-source foundation, they are building tomorrow’s digital economy.

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