Metamask users will be able to use Paypal to buy cryptocurrencies

MetaMask and PayPal announced a tie-up to allow users to buy Ethereum (ETH) from the PayPal app.

Crypto buying and trading services will be accessible to a certain number of users in the US, but there will come a point where this may be accessible to anyone, although the expansion of the wallet already makes it possible for US consumers to trade cryptos from Coinbase Pay, MoonPay and Transak.

Lorenzo Santos, MetaMask product manager, described:

“Joining with PayPal will let our own U.S. users not only market cryptocurrencies seamlessly through MetaMask, but also easily explore the Web 3.0 ecosystem.”

The steps to buy ETH in MetaMask via paypal are as follows:

• Log in to the MetaMask application.
• Click or tap the Buy button, then select ‘PayPal’.
• Enter the desired dollar amount of ETH to add to your wallet; you will be redirected to PayPal to log in.
• Buy your crypto through PayPal, or if you have enough ETH to complete the transaction, send it without buying more.
• You have successfully purchased cryptocurrencies directly from MetaMask and can now easily browse Web 3.0 on the go.

The future of paypal with cryptocurrencies

In June of this year, PayPal announced that it would allow users to transfer cryptocurrencies, including Bitcoin. The new transaction will be able to be made to external wallets. The news came almost two years after the financial technology giant opened its platform to digital currencies.