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Gungun Bhatia
Dec 15, 2022
by Gungun Bhatia

ConsenSys Partners With PayPal to Offer Easy Way to Buy Crypto

ConsenSys PayPal

Table of contents

  1. ConsenSys Partners With PayPal
  2. Exploration of Web3 Ecosystem
ConsenSys Inc., the organization behind the popular cryptocurrency wallet MetaMask, launched a new cooperation with PayPal Holdings Inc. on Thursday. The partnership will enable the majority of U.S. customers to buy Ethereum on their wallet using the payment juggernaut.

ConsenSys Partners With PayPal

The service will primarily only be available to a limited number of American PayPal customers, given the U.S. is one of MetaMask's main user markets, according to the statement made on December 14.

The partnership aims to make it simple for customers to buy and transfer ETH from PayPal to MetaMask by simply entering into their mobile MetaMask application, after which it will lead them to their PayPal account to process transactions.

Exploration of Web3 Ecosystem

MetaMask's product manager, Lorenzo Santos, shared that the smooth purchase of cryptocurrency using MetaMask and the simple exploration of the Web3 ecosystem are both made possible for their American consumers due to the PayPal integration.

The debut comes after PayPal attempts to make it possible to send and receive cryptocurrency between its platform and a number of well-known cryptocurrency exchanges in June. In October 2020, the fintech startup launched its cryptocurrency buy, sell, and hold service. Recently, Paypal extended its cryptocurrency business to Luxembourg. This legislative framework should offer licenses to companies formed in any member state, enabling them to passport their services throughout the whole EU.

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ConsenSys Partners With PayPal to Offer Easy Way to Buy Crypto
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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