By George Ward
ConsenSys, the developer of MetaMask, recently announced a new partnership with Paypal, a giant payment platform. According to the deal, the collaboration aims for seamless ETH purchases on MetaMask, where users can pay with their Paypal balances.
In its quest to make crypto payment options available on its 26 million merchant platforms worldwide, Paypal ventured into crypto services in October 2021. It allowed users to buy, sell and hold cryptocurrencies on many platforms and further explored the crypto space by partnering with different blockchain platforms.
The latest of its partnerships was the recent allegiance with ConsenSys, the builder of the MetaMask wallet. According to reports, the collaboration would allow users to pay for ETH purchases on MetaMask via their Paypal account.
ConsenSys said that the new feature is available in some parts of America. Thus, not every region of the country can access the new functionality, but it would open the feature to all regions soon.
Simplifying Crypto Purchases
He added they would roll out the service in other selected areas later this year. In addition, Lorenzo Santos, the product manager at the giant tech firm, boasted that MetaMask is the Web3 wallet to integrate the services of Paypal to improve on-ramp transactions.
He added that the integration would simplify ETH purchases for users and give them seamless exposure to the Web3 space. In the announcement, ConsenSys stated the partnership is the latest development and actions the firm is deploying to improve user experience via diversified payment methods on the mobile wallet.
Also, the firm described how to use the new functionality to add a coin to a MetaMask app. Users can log in to their MetaMask, click the “Buy” option, and choose the “Paypal” payment option.
Next, they would provide their Paypal wallet details requested and the amount equivalent to the quantity of ETH they want, according to ConsenSys. After completing the process, the purchased ETH would be deposited into the users’ MetaMak account.
The tech firm concluded that with enough ETH now in their wallet, users could explore the Web3 space limitlessly.
MetaMask To Leave Apple Platform
MetaMask rose to the limelight during the epic bullish crypto market rush in 2021 and has since grown into having millions of active users. It enables users to access different Web3 projects such as NFTs, decentralized finance (DeFi), decentralized autonomous organizations (DAO), play-to-earn games, and the metaverse.
Recently, Dan Finly, the founder of MetaMask, stated that his firm would dump the Apple platform due to ridiculously high charges for NFT transactions. He added the 30% tax cut is too excessive and their security is too vulnerable. Finly hinted that MetaMask might partner with Google very soon.