Ethereum will be now integrated via PayPal, MetaMask Wallet’s parent firm ConsenSys announced in a blog. MetaMask, a crypto wallet interacting with the ETH blockchain, boasts to be the first Web3 wallet to leverage PayPal to drive more successful on-ramp transactions.
Lorenzo Santos, Product Manager for MetaMask, added, “This integration with PayPal will allow our U.S. users to not just buy crypto seamlessly through MetaMask, but also to easily explore the Web3 ecosystem.”
For now, the new functionality is available to selected U.S. users which would be rolled out to all eligible U.S. customers in the coming weeks.
The MetaMask and PayPal collaboration is the latest attempt aimed at improving and diversifying payment options for users within the MetaMask app.
To add crypto to the MetaMask wallet with PayPal one needs to log in to the app first and click on the Buy button, then select ‘PayPal’. By entering the desired dollar amount worth of ETH to add to your wallet; the user will be redirected to PayPal to log in.
There one can purchase crypto via PayPal, or send it without buying more.
ConsenSys caused a huge outcry in the Ethereum community after the latest update in its privacy policy required it to collect users’ IP and wallet addresses while sending a transaction.
Ethereum Wallet’s Latest Privacy Policy Caused Uproar
As reported by TronWeekly, ConsenSys MetaMask’s RPC [Remote Procedure Call] node Infura would collect the user’s IP address as well as wallet address while sending a transaction.
MetaMask [by default] utilizes Infura to get information on and off of blockchains. However, ConsenSys in a blog post downplayed the changes.
It said that only “clarity in relation to the information collected by Infura when users use Infura as their default RPC provider in MetaMask” was provided.
“The updates to the policy do not result in more intrusive data collection or data processing and were not made in response to any regulatory changes or inquiries”.
“Our policy has always stated that certain information is automatically collected about how users use our Sites and that this information may include IP addresses”, ConsenSys stated.
That said, Infura is vital to the Ethereum blockchain. The tool is used by many other notable Web3 projects such as Polygon, Filecoin, Aragon, Gnosis, and OpenZeppelin.