MetaMask Jalin Partnership With PayPal To Offer Crypto To Consumers

MetaMask double PayPal for crypto trading. (Photo; Doc. The Crypto Time)

JAKARTA The MetaMask crypto wallet developer, ConsenSys, recently reportedly formed a partnership with PayPal. This collaboration is intended to make it easier for users to buy crypto. This information was announced by ConsenSys on Wednesday, December 14, 2022.

This is a new way for consumers to buy crypto through PayPal. The integration of PayPal to MetaMask will provide a simpler and easier way for those interested in owning cryptocurrencies.

For now, this facility is only available to certain MetaMask users in the US and will be rolled out to all customers in the coming weeks. MetaMask integration makes it the first digital wallet to use PayPal services to increase crypto transactions.

However, for now, MetaMask has just opened the purchase of crypto Ethereum (ETH). However, it is possible for ConsenSys to present a number of other cryptocurrencies other than ETH.

For information, MetaMask is a leading crypto digital wallet that is often used by the crypto community. Users can store cryptocurrencies, trade crypto on decentralized exchanges (DEX), exchange (swap), and store NFT digital artwork.

Just like other crypto digital wallets, MetaMask can also connect to various play-to-earn applications and a number of other Web3 pages that allow crypto payments to be made. These digital wallets can also be connected to NFT marketplaces, such as OpenSea and others, as well as various decentralized or DeFi finances.

With this capability, MetaMask is expanding its reach by cooperating with the multinational PayPal payment platform. Discussing this, MetaMask through its Product Manager, Lorenzo Santos, stated that the partnership allows the crypto community to connect with Web3.

"Integration with PayPal will allow our US users not only to purchase crypto smoothly through MetaMask, but also to easily explore the Web3 ecosystem," said Lorenzo Santos.

Some time ago, ConsenSys announced that MetaMask collects its user data. This gives rise to pros and cons among users of the MetaMask digital wallet.

The announcement was made on November 23 in a company policy revision. The company notified MetaMask users that it would collect data while using Infira as a default Remote Procedure Call (RPC) provider, according to Blockworks reports.

Not only that, ConsenSys also said that his party collects usernames, passwords and gender information, as well as financial data such as asset ownership, bank account numbers and bank route numbers used such as Mastercard and Visa.

For information, Metamask supports the purchase of crypto via credit cards bearing the Visa and Mastercard logos. However, for MetaMask users using the Ethereum network or RPC service providers, the company will not collect their data.