PayPal Now Lets US Users Sell Crypto via MetaMask

PayPal has introduced new on- and off-ramps for Web3 payments, allowing users in the United States to convert their crypto to U.S. dollars directly from their wallets into their PayPal balance. The PayPal off-ramp feature is immediately available to wallets, decentralized applications, and non-fungible token marketplaces and is live on MetaMask.

To sell crypto via MetaMask on PayPal, users will need to connect their MetaMask wallet to their PayPal account. Once the wallets are connected, users can select the cryptocurrency they want to sell and the amount they want to sell. PayPal will then convert the cryptocurrency into US dollars and deposit the funds into the user’s PayPal account.

The fees for selling crypto via MetaMask on PayPal are currently 2.9% plus $0.30 per transaction. These fees are similar to the fees that PayPal charges for other types of transactions, such as credit card purchases.

The ability to sell crypto via MetaMask on PayPal is a major convenience for users who want to cash out their profits. It is also a sign that PayPal is increasingly committed to the adoption of cryptocurrencies.

In addition to the ability to sell crypto, PayPal also offers a number of other cryptocurrency features, such as the ability to buy, hold, and send cryptocurrencies. PayPal is also working on a number of other cryptocurrency initiatives, such as the development of a stablecoin.

The ability to sell crypto through MetaMask is a major step for PayPal as it continues to integrate with the Web3 ecosystem. Web3 is a decentralized version of the internet that is built on blockchain technology. PayPal’s move to support MetaMask is a sign that the company is taking Web3 seriously and is committed to providing its users with access to this new technology.