MetaMask adds PayPal support
Dec 15, 2022
Soon, MetaMask users will be able to use PayPal accounts to fund their MetaMask wallet.
MetaMask is a popular Ethereum blockchain-supported decentralized digital wallet, which is known for its trustworthiness. MetaMask was developed by the ConsenSys team and Ethereum co-founder Joseph Lubin is the founder of ConsenSys. In the last month, MetaMask users criticized ConsenSys for the new MetaMask wallet privacy policy.
On December 14, the MetaMask wallet announced that users will be able to transfer ETH funds from their PayPal accounts to the MetaMask wallet. In short, users will be able to fund their MetaMask wallet with the help of their corresponding PayPal accounts.
This service will only be allowed for US-based customers and the new feature will be available for use in the coming weeks.
This upcoming new feature will allow MetaMask users to buy ETH on MetaMask easily.
In recent weeks, the MetaMask wallet was under a lot of pressure due to the opinion of the crypto community on the new privacy policy of the MetaMask wallet.
As per the new privacy policy, the MetaMask team said that it will collect the necessary details from the users such as IP address, name, etc. Just a few days ago, the company confirmed that it will change its policy and only store user data for up to 7 days.
This upcoming new feature will allow MetaMask users to buy ETH on MetaMask easily.
In recent weeks, the MetaMask wallet was under a lot of pressure due to the opinion of the crypto community on the new privacy policy of the MetaMask wallet.
As per the new privacy policy, the MetaMask team said that it will collect the necessary details from the users such as IP address, name, etc. Just a few days ago, the company confirmed that it will change its policy and only store user data for up to 7 days.
PayPal started its crypto services for users in 2020. At the time, PayPal allowed the purchase of Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Last week, Stripe, a popular PayPal competitor, launched a new cryptocurrency support service to allow customers to easily convert their funds into crypto assets.
I don't like doing much research on Metamask, it brings back bad memories :( If you've been following me for a while, you'll know why.
Converting fiat to crypto is a sweet thing for those financial platforms because the crypto startups most probably paid them, and they get gains when people buy crypto with their instruments.