PayPal Partners with MetaMask to Broaden Crypto Prospects

PayPal partners with MetaMask to reveal the real prospects of crypto amid growing recession

Even after the massive swings in the crypto market, companies are still trying to advance the future prospects of the cryptocurrency market. Recently, PayPal partners with MetaMask to integrate its buy, sell, and hold crypto services with the MetaMask wallet as the companies look to broaden users' options to transfer cryptocurrencies from their platforms. The partnership between the two payment service providers is well intended to enable users to select their PayPal accounts as a payment option to buy Ethereum tokens from within the MetaMask app.

The primary goal of MetaMask is to bring more users into the Web3 ecosystem at a time if the domain is looking forward to getting out of this ongoing slumber. A PayPal executive said that the integration will allow US users to not just buy cryptocurrencies efficiently through MetaMask but can also easily explore the Web3 ecosystem. Reports claim that selected US customers can access the new services as PayPal will roll out the service to the rest of its US customers over the incoming weeks. This recent launch will follow PayPal's initiative to enable crypto transfers between its own platform and several popular crypto exchanges.

But given the recent predicaments of the crypto market, establishing a new feature to satiate the needs of the investors might not be the right move to attract more crypto users to businesses. Crypto trading volumes have reduced dramatically in 2022 and more investors are planning on leaving the market. As we move to advocate the growth and development of the cryptocurrency industry, it is also important to keep in touch with the movements of cryptocurrencies and trade on them accordingly.