Connect with us

Blockchain

PayPal users can now buy ETH through a new partnership

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

according to new Advertising Posted by the founder of MetaMask, Consensys Software Inc. On Wednesday, December 14, a leading Ethereum wallet has partnered with the world’s largest online payments service, PayPal. Thanks to the partnership, PayPal will now be able to allow its users to start buying, selling and storing Ethereum using PayPal directly in Metamask.

PayPal and Metamask partnership

After spending years watching the crypto industry from a safe distance, PayPal is finally getting started Getting into encryption in late 2020. Now, two years later, the company is offering cryptocurrency to users in several countries, with plans to Entering the European Union market. Moreover, the company is also expanding its service involvement with crypto, starting with Metamask and Ethereum.

The announcement from Consensys on Wednesday shows that PayPal will now be able to allow users to buy, sell, and store ETH. In addition, users will also be able to perform transactions using the Ethereum blockchain.

Advertisement

However, rather than having to buy coins directly from the PayPal platform and not being able to transfer them, Consensys announced that Metamask users will be able to purchase assets from within the wallet.

In other words, PayPal will become a payment method that MetaMask customers can use within the app. All they have to do is click the “Buy” button in Metamask, and they will be presented with a number of possible payment methods, including PayPal. The announcement goes on to say that the integration will not only allow US-based cryptocurrency users to seamlessly purchase cryptocurrencies through Metamask but also to freely explore the Web3 ecosystem.

Users can now buy ETH with PayPal and transfer it to other wallets

Lorenzo Santos, Product Manager at Metamask, commented on the move saying that once the integration is complete, users will be able to purchase Ethereum from Metamask, and it will be available on their balance. From there, users will be able to use the coins to explore the Web3 space or even transfer coins to other wallets if they wish to do so.

PayPal already allows users to buy Ethereum through its own platform, along with Bitcoin, Litecoin, and Bitcoin Cash. Moreover, the company allows its customers to shop online with their digital assets, thanks to the Checkout With Crypto feature. But, users still cannot transfer the purchased coins from PayPal’s own platform, and can only buy, sell or hold them.

Ethereum price collapsed after FTX crash and hack

Many believe that the new integration will be beneficial for Ethereum, which has recently begun to see a decline in usage. The past two weeks have seen a significant slowdown, especially after the FTX crash, which affected the entire crypto world. The FTX hack that led to the theft and dump of ETH didn’t help matters either. The price of the asset fell in November, going from $1,657 on November 5th to $1,120 on November 10th.

Advertisement

The price saw a slight rebound after that, which led to it reaching $1,200 on average, after the crash. Now, however, ETH price may see a further recovery after the consolidation. Not to mention, the partnership could result in the onboarding of new users who might be attracted by the option to buy ETH easily from Metamask.

Related

FightOut (FGHT) – the latest money-making project

Advertisement
symbolic fight
  • The early stage pre-sale is now live
  • Earn free crypto and learn about your fitness goals
  • KYC verified by CoinSniper
  • LBank Labs project
  • Partnership with Transac Block Media
  • Staking bonuses and rewards

symbolic fight


join us cable A channel to stay up to date on breaking news coverage

Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Blockchain

BNT/USD is trading near the $0.50 resistance

Avatar

Published

on

By

join us cable A channel to stay up to date on breaking news coverage

The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

Advertisement
BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Advertisement

Source link

Continue Reading

Blockchain

DYDX/USD could rise above $1.20

Avatar

Published

on

By

join us cable A channel to stay up to date on breaking news coverage

Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

Advertisement
DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Advertisement

Source link

Continue Reading

Blockchain

SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

Avatar

Published

on

By

Source link

Advertisement
Continue Reading
Advertisement

Trending