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PayPal and MetaMask Announce New Integration To Onboard More Users Into Web3 Ecosystem

admin — Sun, 18 Dec 2022 03:15:24 +0000

The partnership between the payments firm and MetaMask developer ConsenSys is intended to enable users to select their PayPal accounts as a payment option to buy ether (ETH) from within the MetaMask app. The offering is designed to facilitate seamless purchases and transfers of ether from PayPal to MetaMask.

MetaMask stated it wanted to help bring more users into the web3 ecosystem at a time when the sector is looking for a way forward during the crypto winter. Select U.S. customers can access the new offering beginning today as PayPal works to roll out the service to the rest of its U.S. customers over the next few weeks.

MetaMask’s founder is Aaron Davis.

Snapple Created NYC-Styled Bodega In Decentraland

admin — Sat, 13 Aug 2022 20:03:42 +0000

Snapple has created an NYC-styled bodega in the Decentraland Metaverse. The virtual installation in Decentraland comes with savings of $1.39 to visitors who complete its scavenger hunt and register their PayPal wallets.

The virtual New York City-style corner store was debuted by Snapple in the Decentraland metaverse on Wednesday, bodega cat included. The entire installation is an advertisement for Snapple’s newest “Elements” drink collection. Buying the bottles has web3 upsides too: Each “in real life” (IRL) drink comes with a code to claim a non-fungible token (NFT) wearable, according to the company’s website.

PayPal Will Soon Allow Its Users To Transfer Cryptocurrency

admin — Tue, 14 Jun 2022 20:53:04 +0000

PayPal gave its users the ability to buy, sell and hold crypto in October of 2020. In late March of 2021, PayPal announced the launch of “Checkout with Crypto” a feature that allowed consumers to check out at millions of online businesses using cryptocurrency.

The newest functionality – announced at the Consensus Conference in Austin – will allow users to transfer supported coins into PayPal, and move crypto from PayPal to external crypto addresses. This will include multiple exchanges and hardware wallets. Users will also be able to send crypto to other PayPal members “in seconds”.

PayPal stressed that customers are responsible for network fees when they conduct external transfers. This will depend on the blockchain as well as the type of crypto assets being transferred. But internal transfers from PayPal to PayPal will have no fees.

That feature expands on PayPal’s current investments in the cryptocurrency market. This includes its partnership with Paxos and its acquisition of cryptocurrency security startup Curv. They also revealed an upcoming partnership with GameStop for “Best Friends Day”.