{"id":154751,"date":"2023-09-13T05:40:39","date_gmt":"2023-09-13T00:10:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=154751"},"modified":"2023-09-13T05:40:39","modified_gmt":"2023-09-13T00:10:39","slug":"paypal-enables-us-users-to-sell-cryptocurrency-via-metamask-wallet-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/paypal-enables-us-users-to-sell-cryptocurrency-via-metamask-wallet-crypto-news\/","title":{"rendered":"PayPal enables US users to sell cryptocurrency via MetaMask wallet &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-v-398ae7b2=\"\">\n<p>Global payment giant PayPal continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>).<\/p>\n<p>On Sept. 11, PayPal\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/newsroom.paypal-corp.com\/2023-09-11-PayPal-Introduces-On-and-Off-Ramps-for-Web3-Payments\">introduced<\/a> new on- and off-ramps for Web3 payments, allowing users in the United States to convert their crypto to U.S. dollars directly from their wallets into their PayPal balance.<\/p>\n<p>According to the announcement, the PayPal off-ramp feature is immediately available to wallets, decentralized applications and nonfungible token marketplaces and is live on MetaMask.<\/p>\n<p>The new features are designed to enable customers to buy and sell several cryptocurrencies in the United States.<\/p>\n<p>\u201cOnce integrated, web3 merchants can help grow their user base by connecting to PayPal\u2019s fast and seamless payments experience trusted by millions, while leveraging PayPal\u2019s robust security controls and tools for fraud management, chargebacks and disputes,\u201d PayPal noted.<\/p>\n<figure><figcaption style=\"text-align: center\"><em>Promotional video for PayPal&#8217;s on- and off-ramps. Source: YouTube<\/em><\/figcaption><\/figure>\n<p>A video on YouTube promoting PayPal\u2019s on- and off-ramp features includes a screenshot from its interface showing a user sending 0.0015 BTC ($50) to an external wallet with a $5 network fee and $2.19 transaction fee. The video doesn\u2019t specify what wallet was used for the transaction. It\u2019s worth noting that MetaMask <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/how-to-store-bitcoin-on-metamask\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/how-to-store-bitcoin-on-metamask\/amp\">doesn\u2019t support BTC transactions<\/a> on the original Bitcoin blockchain.<\/p>\n<p>PayPal did not immediately respond to Cointelegraph\u2019s request for comment.<\/p>\n<p><strong><em>Related: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/paypal-new-stablecoin\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/paypal-new-stablecoin\/amp\"><strong><em>PayPal\u2019s new PYUSD stablecoin faces legal headwinds and \u2018less functionality\u2019<\/em><\/strong><\/a><\/p>\n<p>The latest rollout comes shortly after <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/ledger-announces-u-s-paypal-integration-lets-users-buy-crypto-from-within-app\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/ledger-announces-u-s-paypal-integration-lets-users-buy-crypto-from-within-app\/amp\">PayPal partnered with major hardware wallet firm Ledger<\/a> to provide a new on-ramp integration in August 2023, allowing verified PayPal users in the U.S. to buy Bitcoin, Ether (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>), Bitcoin Cash (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-cash-price-index\">BCH<\/a>) and Litecoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ltc-price-index\">LTC<\/a>) directly on a Ledger hardware wallet via its native Ledger Live software.<\/p>\n<p>As previously reported, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/metamask-rolls-out-eth-purchases-via-paypal-to-us-users\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/metamask-rolls-out-eth-purchases-via-paypal-to-us-users\/amp\">MetaMask started rolling out Ether purchases<\/a> via PayPal for users in the U.S. in May 2023. MetaMask parent company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/metamask-to-allow-users-to-purchase-and-transfer-ethereum-via-paypal\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/metamask-to-allow-users-to-purchase-and-transfer-ethereum-via-paypal\/amp\">ConsenSys and PayPal initially partnered<\/a> to enable ETH transactions in late 2022.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/magazine\/binances-exec-exodus-nasdaq-to-trade-ai-orders-and-sbf-loses-bail-appeal-hodlers-digest-sept-3-9\/\"><strong><em>Hodler\u2019s Digest, Sept. 3-9: Binance\u2019s exec exodus, Nasdaq to trade AI orders and SBF loses bail appeal<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global payment giant PayPal continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin (BTC). On Sept. 11, PayPal\u00a0introduced new on- and off-ramps for Web3 payments, allowing users in the United States to convert their crypto to U.S. dollars directly from their wallets into their PayPal balance. According to the announcement, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":154752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-154751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154751","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=154751"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154751\/revisions"}],"predecessor-version":[{"id":154754,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154751\/revisions\/154754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154752"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=154751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=154751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=154751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}