{"id":154285,"date":"2023-09-12T15:55:49","date_gmt":"2023-09-12T10:25:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=154285"},"modified":"2023-09-12T15:55:49","modified_gmt":"2023-09-12T10:25:49","slug":"paypal-launches-crypto-to-usd-off-ramps-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/paypal-launches-crypto-to-usd-off-ramps-crypto-news\/","title":{"rendered":"PayPal Launches Crypto to USD Off-Ramps – Crypto News"},"content":{"rendered":"
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Adding to its crypto product suite, payment service PayPal<\/a><\/span> has launched a new off-ramp service to convert crypto tokens to USD directly from wallets into PayPal accounts.<\/p>\n

The payments giant announced<\/a> on Monday that its new \u201cOff Ramp\u201d service is \u201clive on MetaMask today\u201d for U.S. users and is available to \u201cwallets, dApps and NFT marketplaces.\u201d<\/p>\n

In its press release accompanying the announcement, PayPal claimed that crypto users can benefit from the company\u2019s \u201crobust security controls and tools for fraud management, chargebacks and disputes.\u201d<\/p>\n

The Off Ramp service is currently available for U.S. users only. Decrypt<\/i> has reached out to PayPal for comment and will update this article should the company respond.<\/p>\n

PayPal\u2019s announcement follows crypto wallet MetaMask<\/a><\/span>\u2019s introduction last week of a feature enabling users to cash out<\/a> their digital assets for fiat currency and send it to a bank account or PayPal account.<\/p>\n

PayPal expands into Web3<\/h2>\n

PayPal first launched<\/a> its crypto offering in late 2020, allowing users to buy, sell, and hold four cryptocurrencies\u2014Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.<\/p>\n

Since then, the firm has expanded its services to include crypto transfers<\/a>, and more recently, fiat on and off ramps.<\/p>\n

Last month, PayPal launched a crypto On Ramp integration, enabling direct crypto purchases with MetaMask<\/a> and Ledger<\/a>, \u201cwith more coming soon,\u201d read today\u2019s press release, hinting towards integrations with additional wallet providers.<\/p>\n

Besides MetaMask, the firm has listed crypto wallet providers Phantom, Ledger and Magic on its website<\/a>, pointing to possible future integrations with On and Off Ramps.<\/p>\n

The payment platform also recently announced<\/a> its own stablecoin, PYUSD, to compete with the crypto native stablecoins.<\/p>\n

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Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Adding to its crypto product suite, payment service PayPal has launched a new off-ramp service to convert crypto tokens to USD directly from wallets into PayPal accounts. The payments giant announced on Monday that its new \u201cOff Ramp\u201d service is \u201clive on MetaMask today\u201d for U.S. users and is available to \u201cwallets, dApps and NFT […]<\/p>\n","protected":false},"author":2,"featured_media":154286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-154285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=154285"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154285\/revisions"}],"predecessor-version":[{"id":154291,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154285\/revisions\/154291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154286"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=154285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=154285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=154285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}