PayPal is the latest company to take major steps towards crypto acceptance. In a recent development, Metamask announced that it will collaborate with PayPal to let users fund their Metamask wallets via PayPal.
This feature is said to be rolled out to select users in the United States, a country that contributes to one of the most extensive user bases of Metamask. Metamask announced this collaboration on its Twitter page on December 14th,2022.
How to Buy and Transfer Ethereum Using Metamask and PayPal?
Buying and transferring Ethereum on Metamask via PayPal is an easy process. Users will get an option to sign into their Metamask wallet. While purchasing Ethereum, users will be redirected to their PayPal accounts to finish the transactions.
Major Crypto Developments from Around the World
PayPal’s love for crypto is well known. It has a feature on its platform known as “Checkout with Crypto” where users can transact using Crypto.
PayPal is amongst the list of many major corporations that are integrating crypto into their business. Mobile payment services company Cash App has also recently added support features for users to transact BTC via the Bitcoin lightning network.
Earlier this year, Google announced that it will enable users to buy its cloud services using Coinbase. Companies like Tesla and Microstrategy are active holders of Bitcoin. Instagram has also recently enabled the feature where users can share NFTs with their followers.
The growing number of traditional companies adopting crypto is a good sign for the industry. This shows that Crypto is on a path to becoming mainstream in the next few years.
While companies are making strides towards accepting crypto, governments are also keen on building frameworks for Crypto. Earlier this year, the White House released guidelines for responsible digital asset development. India is also going to table a technology-driven regulatory framework during the upcoming G-20 summit of 2023.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.