In order to offer a unique solution for buying and storing ETH crypto, the MetaMask electronic wallet has joined forces with PayPal. According to ConsenSys, it is mostly about making the process of buying ETH crypto easier and safer. Indeed, crypto users and their followers have not yet forgotten the scams (Stepn) and alleged scammers such as SBF, Do Kwon. It is therefore against the current that MetaMask and PayPal want to form a common front to clean up web3 and its ecosystem.
MetaMask – PayPal integration: Why?
The integration between these two entities will initially be rolled out for US-based Paypal users. They will thus be able, from the MetaMask application, to connect to their PayPal accounts to buy ETH. In addition, users with ETH reserves will be able to directly send them from their PayPal to their MetaMask wallets.
Otherwise, this collaboration is not insignificant. Indeed, as self-custody wallet and digital authority manager, MetaMask offers its user base two main advantages. The protection of their data and their digital assets to fight against the multiple scams that abound within the crypto environment. With the contribution of PayPal, MetaMask intends to largely serve the Web3 ecosystem thanks to the new payment options.
Additionally, PayPal continues to diversify by expanding its crypto services. In this perspective, it introduced crypto services in Luxembourg earlier this month. Thus, Luxembourgers will be able to buy, hold or exchange cryptos such as bitcoin, ethereum, litecoin, and even the bitcoin-cash.
Conclusion
MetaMask and PayPal, two key entities in the crypto universe, have joined forces. This is to facilitate the purchase and custody of crypto ETH as well as their reserves. They also did this in an effort to ensure that the digital assets of their thousands of customers were protected. For PayPal, it is above all a question of diversifying and dominating other markets. It is in this wake that it established itself in Luxembourg, offering not payment solutions, but crypto services.
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