Invest in Web 3.0 securely with PayPal and MetaMask wallet.
PayPal enables US users to sell cryptocurrency via MetaMask wallet

PayPal Integrates New Methods to Sell Cryptocurrencies

Global payment giant PayPal is expanding its digital asset services, introducing new methods to sell cryptocurrencies such as Bitcoin (BTC). On Sept. 11, PayPal announced the launch of on- and off-ramps for Web3 payments, allowing users in the United States to convert their crypto to U.S. dollars and deposit them into their PayPal balance.

The features are designed to enable customers to buy and sell a variety of cryptocurrencies in the United States, and are already available on MetaMask. Additionally, the off-ramp feature is now available to wallets, decentralized applications and nonfungible token marketplaces.

PayPal and Web3: The Latest On-Ramp Integration

PayPal recently announced a new on-ramp integration with web3, allowing merchants to connect to the fast and secure payments experience trusted by millions. The video promoting the integration features a screenshot of a user sending 0.0015 BTC ($50) to an external wallet with a $5 network fee and $2.19 transaction fee, though it does not specify which wallet was used. PayPal has also partnered with hardware wallet firm Ledger, providing verified U.S. users the ability to buy Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) directly on a Ledger hardware wallet via its native Ledger Live software.

The integration of web3 with PayPal is a major step forward for the decentralized web3, allowing users to invest in web3, use examples of web3 applications, and buy web3 domains. Additionally, it opens up the possibility of leveraging PayPal’s robust security controls and tools for fraud management, chargebacks and disputes. PayPal did not immediately respond to Cointelegraph’s request for comment.

In late 2022, ConsenSys and PayPal established a partnership to enable ETH transactions. As previously reported, in May 2023 MetaMask began rolling out Ether purchases via PayPal for users in the U.S., thus starting the Web 3.0 era.

Categorized in:

Tagged in: