The New Partnership

In an exciting development for crypto enthusiasts, digital payments giant PayPal has officially joined forces with ConsenSys, the parent company of the popular wallet MetaMask. This collaboration aims to streamline the purchasing and transferring of Ether (ETH) for users of MetaMask via PayPal’s expansive platform.

Rollout Details

As noted in an announcement on December 14, this innovative service is set to launch initially for a select group of PayPal users in the United States. Coincidentally, the U.S. happens to be one of the largest markets for MetaMask users — is this a classic case of playing to your strengths?

The Experience

Once implemented, users will be able to fund their wallets with ETH right from the MetaMask mobile app. After a quick log-in, the app effortlessly redirects the user to their PayPal account to execute the transaction. It’s a match made in crypto heaven!

Voices from the Top

“This integration with PayPal will allow our U.S. users to not just buy crypto seamlessly through MetaMask, but also to easily explore the Web3 ecosystem,” says Lorenzo Santos, Product Manager for MetaMask.

Broader Moves in the Crypto Payment Space

PayPal is not alone in its mission to bridge the gap between traditional finance and crypto. The trend shows that several payment companies are looking to integrate crypto services into their offerings. For instance, MoneyGram recently announced that U.S. users could buy, sell, and hold cryptocurrencies like Bitcoin (BTC), Ether, and Litecoin (LTC) via their app.

Could We Call It a Revolution?

As more and more companies, including Western Union and Cash App, hop on the crypto-wagon, it turns out that traditional finance is showing up to the party dressed as a blockchain enthusiast. With these advancements, the landscape of digital transactions is evolving at lightning speed, and it seems like crypto is here to stay.