Cryptocurrency wallet MetaMask is now rolling out Ether (ETH) purchase options for users in the United States via PayPal. This makes MetaMask the first Web3 wallet to offer this service, allowing people to purchase and transfer ETH onto their MetaMask accounts using a PayPal account.

This collaboration is the result of a partnership between financial technology firm PayPal and MetaMask’s parent company ConsenSys, which was announced last December. They hope it will make it simpler for people to buy and explore the Web3 ecosystem.

MetaMask is now part of a wide range of payment options that are integrated with their platform, including Coinbase Pay, MoonPay, Transak, Wyre, and many others. As of March 31, 2023, PayPal had $943 million worth of crypto assets – a 56% rise from the $604 million reported in the previous quarter.

Furthermore, MetaMask recently introduced a ‘Buy Crypto’ feature that allows users to purchase various cryptocurrencies with debit cards, credit cards, or bank transfers. This feature is being supported in more than 189 countries, 90 cryptocurrencies across 8 networks, including Ethereum, Polygon, BNB Smart Chain, Avalanche Contract Chain, Fantom, Optimis, and Celo. The user’s location and local restriction will be taken into account when calculating their prices.

The crypto wallet also recently partnered with crypto fintech MoonPay to provide instant bank transfer options to users in Nigeria. This is because the country is currently ranked among the top 20 countries in terms of cryptocurrency adoption according to Chainalysis’ 2022 Global Crypto Adoption Index.

Overall, MetaMask has taken several steps to make buying and using cryptocurrencies easier. We can expect to see more integrations and partnerships as the platform continues to grow.



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