PayPal Partners with Crypto Firm ConsenSys to Create a Convenient Way to Buy Ethereum (ETH) Cryptocurrency

Crypto firm ConsenSys announces a new partnership with payments giant PayPal to create a convenient way for investors to buy Ethereum (ETH).

According to a recent company announcement, MetaMask, the popular crypto wallet developed by software company Ethereum, will be to integrate PayPal in its platform to provide investors in the United States with a simple way to purchase the leading smart contract platform.

“Today, ConsenSys, a leading Web3 company, announced that US users of MetaMask will be able to purchase crypto (ETH) from the app using PayPal. MetaMask will be the first Web3 wallet to take advantage of from PayPal to drive more successful on-ramp transactions.

To use PayPal in MetaMask, users must log in, press the “buy” button, select PayPal, and then enter the amount of ETH they want to buy or send.

According to Lorenzo Santos, Product Manager of MetaMask, the wallet also allows users to explore and interact with Web3 applications, including non-fungible token (NFT) marketplaces, blockchain-based games, and mobile apps. decentralized finance (DeFi).

said Santos,

“This integration with PayPal will allow our US users to not only seamlessly purchase crypto through MetaMask, but also easily explore the Web3 ecosystem.”

ConsenSys says the new feature will initially only be available to select customers in the United States, but plans to roll out the service nationwide in a few weeks.

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Feature image: Shutterstock/Tithi Luadthong

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