MetaMask Customers to Purchase Ethereum via PayPal

ConsenSys, a New York-based blockchain software technology company known for its crypto wallet MetaMask, has teamed up with PayPal to allow MetaMask customers to purchase and transfer Ethereum (ETH) via an online payment platform.

According to the press release shared on December 14th, initially, the feature will be available to select PayPal customers in the United States, excluding Hawaii.

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By integrating PayPal into MetaMask, the company aims to enable seamless Ethereum purchases and transfers, making it easy for customers to experience the Web3 world.

When talking about the collaboration, MetaMask Product Manager, Lorenzo Santos, stated:

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. 

To use the feature, users first have to login into their Mobile MetaMask App, tap the Buy button and select “PayPal.” After filling in the blank with the desired “dollar amount worth of ETH,” users will be automatically redirected to PayPal to complete the transaction.

MetaMask Santos has also stated that the company is looking to add PayPal integration into its desktop browser extension “in the next quarter.” On top of that, Santos noted that by making ETH purchases via PayPal, users are set to pay MetaMask’s 1% service fee and all applicable PayPal fees.

The news was also celebrated by PayPal’s Crypto Communications Lead Aaron Gould on Twitter.

It is worth noting that recently, ConsenSys got into a tricky situation when it changed its privacy policy. At the end of November, the company updated its privacy policy, revealing that it is set to collect user IP and wallet addresses. Moreover, the company aimed to gather user personal information, such as usernames, passwords, gender and investors’ financial data.

The majority of ConsenSys customers were not happy with the decision. Some users stated that the company's decision was “unacceptable.”

Gile K., Market Sentiment Analyst

Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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