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MetaMask to allow users to buy and transfer Ethereum via PayPal

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Digital payments platform PayPal has teamed up with MetaMask parent company ConsenSys to allow MetaMask users to buy and transfer Ether (ETH) via the PayPal platform.

According to the Dec. 14 announcement, the service will be tentative rolled Just to select PayPal users within the US, as the country is one of MetaMask’s largest markets in terms of users.

The collaboration aims to allow users to seamlessly purchase and transfer ETH from PayPal to MetaMask simply by logging into their MetaMask mobile app, which will then redirect them to their PayPal account to complete transactions.

Lorenzo Santos, Product Manager at MetaMask, shared the following:

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

Related: PayPal has become an episode of Black Mirror: Elon Musk

PayPal is among a growing number of traditional payments companies that are integrating cryptography into their services and seeking to allow users to interact with the crypto ecosystem with ease.

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In November, a global peer-to-peer digital payments company MoneyGram announced it US users, including those in Washington, D.C., can buy, sell, and hold cryptocurrency — specifically, Bitcoin (BTC) and Ether and Litecoin (LTC) – via the MoneyGram mobile app.

in October, Western Union also introduced three brands to manage digital wallets and exchange digital assets, as well as commodity derivatives, which indicates that the payments company is likely planning to expand its services in the Web3 field.

Mobile payment processing app Cash App has it too Add support for transactions Over the Bitcoin Lightning Network to allow users to send and receive BTC on the fastest and most efficient Layer 2 protocol.