MetaMask Enables US Users To Buy ETH With PayPal
When it comes to reducing friction and easily getting into crypto, the popular crypto wallet MetaMask plays an important role. People can buy crypto In the MetaMask wallet directly. The good news is, now US users are able to buy Ethereum (ETH) with PayPal. It is worth mentioning that the service of buying crypto in Metamask using PayPal is not available in Hawaii.
MetaMask claims to be the first Web3 wallet that allows people to buy Ethereum (ETH) using PayPal. Everyone knows how popular PayPal is when it comes to paying online. They enabled the feature to transfer ETH from PayPal to MetaMask before, and now buying ETH in Metamask directly with PayPal balance opens a new door to faster the adoption of cryptocurrency.
It is very simple and easy to buy ETH using PayPal. You need to click Buy and select your country (only US) and state. Choose PayPal as a payment method and select ETH to buy. Now you can only buy ETH using PayPal. Then enter the amount. Sign in to your Paypal account to see and review the transaction. If everything is okay, confirm it.
It is very important to have convenient ways to buy cryptocurrency with fiat currency. You may say there are a lot of restrictions on crypto like recently Argentina's central bank banned payment providers from offering crypto transactions. Even PayPal is not supported in some countries. Does that stop people from doing online transactions?
People find ways to do online transactions, buy products, make money, and convert that into native fiat currency. When things are easy and people can do that without any hassle, that will increase the adoption. Giving users options to use PayPal balance to purchase ETH directly is something that will reduce friction to getting into crypto.
You can use your MetaMask to buy more than 90 cryptocurrencies in eight different networks and make payments using different payment methods including debit card, credit card, PayPal, bank transfer, or instant ACH. You will be happy to know that this service of buying crypto in MetaMask is available in 189 countries.
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That is great news with all the crypto crackdown on centralized exchanges. Won't the ETH be on the ETH blockchain though? The fees would suck to transfer it out.
If other blockchains would be like Hive in terms of fees, that would be great! Paying a high fee is discouraging!