It seems that PayPal is strongly boosting the crypto space with the latest moves. Check out the latest reports about this below.
PayPal continues moves in the crypto space
PayPal, a well-known payment provider, is expanding its involvement in the cryptocurrency industry by launching a new integration feature for US customers.
The new “Off Ramps” feature is designed to simplify access to decentralized applications (DApps), non-fungible token (NFT) marketplaces, and other services.
In a recent press release, PayPal announced that the feature will allow customers to buy and sell supported digital currencies in the US (in accordance with state law) through an integration with PayPal On and Off Ramps. This move is a significant step towards making digital currencies more accessible to the masses.
Web3 merchants will soon be able to accept payments through PayPal, thanks to the upcoming integration of this feature. This move allows merchants to access one of the largest payment bases in the world.
PayPal has been actively expanding its presence in the blockchain and crypto space, with previous integrations with MetaMask and Ledger.
The company has also launched On-Ramps, which enables US consumers to directly purchase crypto with PayPal.
Additionally, PayPal’s Off Ramps feature enables crypto wallet users to convert their crypto to USD and transfer it to their PayPal balance.
This feature is now available for wallets, DApps, and NFT marketplaces and is live on MetaMask. Lastly, PayPal and Ledger are partnering to allow US customers to buy crypto assets within the Ledger Live app.
In other recent news, a popular crypto wallet app with more than 22.66 million downloads has launched a new feature that enables users to withdraw their funds.
According to a statement by MetaMask, the new “sell” feature allows users to convert their Ethereum (ETH) into the US dollar, euro or British pound, depending on their location. Check out our previous article in order to learn more details.
