PayPal Launches Integration With MetaMask Wallet for Ethereum Transactions

Users of the popular MetaMask Web3 wallet will soon be able to buy the second-most-popular cryptocurrency, Ether, via PayPal. From a report: Similar to PayPal's checkout feature at online stores like Etsy and eBay, the integration with ConsenSys's MetaMask will let users buy and transfer Ether by logging in into MetaMask, tapping the "buy" button, and logging into PayPal before making a purchase.

The company said in a statement that select U.S.-based MetaMask customers will be able to use PayPal to buy Ether as of Wednesday, and that the feature will be rolled out to all U.S. users in the coming weeks. A crypto wallet like MetaMask is often the starting point for interacting with Web3 applications like play-to-earn games and some metaverse platforms. Adding PayPal to MetaMask could broaden the customer base for some of these applications by removing the complexity from buying crypto.

Won't the Senate crackdown on that too?

[rossdee]

See story elsewhere on the front page

Re:

[Bill, Shooter of Bul]

But it still doesn't do shit. The best not completely criminal use case for crypto is remittances. And its cheaper because... lack of anti fraud regulations. So great, add anti fraud regulations, and boom, the cost just went up significantly. Its like complaining that cars are more expensive now than in the 1960's

"Popular?"

[Junta]

Crypto currency in general isn't so hot right now, but especially saying the 'popular MetaMask Web3 wallet' seems a stretch...

Re:

[Junta]

I suggest that here's no such thing as a "popular" web3 wallet

Already gone

[DarkRookie2]

Crypto was the final straw that got me to delete my account.
I was already waving when the fake banking stuff got added.
Not that service, site, or app were good at that point. Filled with ads.

Re:

[The-Ixian]

That's interesting.

I have had a PayPal account for a very long time, but only really started using it when they started adding those things.

I now have a PayPal credit account that I pay most of my recurring bills out of. I then pay off the balance at the end of every month.

I am finding that more and more online retailers are taking PayPal which I like because then I am never exposing credit card information.

Re: Already gone

[mattaw2001]

If you are in the USA or UK you are also giving up the legal protection against fraud a credit card brings, namely it is the vendor's responsibility to prove you bought and received the good or services you paid for.

PayPal matches this by its own policy, however you will not have an easy time if/when they decide not to cover your purchase

Re:

[The-Ixian]

If you are in the USA or UK you are also giving up the legal protection against fraud a credit card brings, namely it is the vendor's responsibility to prove you bought and received the good or services you paid for.

PayPal matches this by its own policy, however you will not have an easy time if/when they decide not to cover your purchase

The credit is provided by Synchrony Bank, which, I would assume is subject to all the same lending rules and regulations that any other credit provider is subject to... Incorrect?

Re: Already gone

[mattaw2001]

I believe that they can dodge the federal laws by claiming that the credit card bill is coming from PayPal and therefore valid and it's up to you to dispute with PayPal whether the charge is legitimate or not?

I think it's a bit similar to when you buy an item from a store you can sue the store if it's not any good, and the store needs to sue the manufacturer if they needed to. In your case you are the store in this example, so the credit card company is not on the hook for whatever you bought.

The irony

[SchroedingersCat]

Wasn't the goal of cryptocurrencies to render Paypal irrelevant?

Re:

[Bill, Shooter of Bul]

Yes its very difficult to understand something that does nothing and serves no practical purpose.

Re:

[Tony Isaac]

Maybe this is actually part of a secret plot to do just that! PayPal just _thinks_ it's adding features for its customers. Actually, crypto is about to swallow PayPal alive...

is anyone else waiting for the inevitable massive

[logan3111]

string of "my paypal account was hacked, they converted my bank account balance to ether, then spun it all thru shapeshift.io, and now it's all gone!" posts/complaints/rants/screeds. giving hackers/scammers an even EASIER route to stolen/misapropriated money isnt a good thing.

But..

[Fly Swatter]

Why?

PayPal...

[MachineShedFred]

Leave it to PayPal to answer a question that nobody asked. And two years too late.

Anti-Freedom

[mrex]

PayPal has, in the words of one of its founders, turned into an episode of Dark Mirror. I won't do business with them and encourage you not to, either. Their attempts to levy fines against customers whose speech offends PayPal's sensibilities is an outrage I cannot imagine not resulting in riots against them 20 years ago, but now there isn't even a mention about it in the slashdot comments...