The renowned digital wallet and decentralized app (DApp) provider, MetaMask, has now enabled users in the United States to move Ethereum (ETH) from PayPal directly into their MetaMask accounts, enhancing the collaboration that was first established in 2022.

Expanding its reach into one of its most significant markets, MetaMask has initiated the option of purchasing Ether through PayPal for its American users. This marks a significant step as MetaMask is among the first Web3 wallets to enable Ether transactions using PayPal.

Through this integration, those based in the United States can now choose PayPal as their payment gateway while buying ETH using MetaMask. It also enables users to directly transfer their ETH from PayPal to their MetaMask wallets.

Last year, this FinTech giant collaborated with ConsenSys, MetaMask’s parent company. The alliance was designed to facilitate seamless crypto purchases and ease user interaction with the Web3 ecosystem.

PayPal is the latest addition to MetaMask’s extensive portfolio of integrated payment providers, joining the ranks of Coinbase Pay, MoonPay, Sardine, Transak, and Wyre, among others. In a recent quarterly report submitted to the U.S. Securities and Exchange Commission, the company declared a total of $943 million in crypto assets as of March 31, 2023, a 56% increase from the last quarter when the company held $604 million in crypto assets.

MetaMask has announced this integration just a few weeks after launching a feature allowing users to buy cryptocurrency with fiat currency directly from its Portfolio DApp. Known as “Buy Crypto”, this feature allows users to purchase multiple cryptocurrencies using different payment methods, including debit or credit cards and bank transfers.

The service, covering over 189 countries, supports more than 90 cryptocurrencies across eight networks including Ethereum, Polygon, Arbitrum, BNB Smart Chain, Avalanche, Fantom, Optimis, and Celo. For each purchase, the feature provides a tailored quote considering the user’s location and local regulations.

MetaMask continues to expand its reach and improve its offerings for customers through various partnerships and integrations. One of their recent ventures sought to broaden direct access to cryptocurrencies in Nigeria. By associating with crypto fintech company MoonPay, MetaMask now facilitates users in the African country to buy crypto via instant bank transfers. As per the 2022 Global Crypto Adoption Index by Chainalysis, Nigeria ranks among the top 20 countries for cryptocurrency adoption.

This significant integration of PayPal into MetaMask highlights the evolving intersection of traditional finance and the crypto world. By enabling a well-accepted and extensively used payment service like PayPal, MetaMask could make the entry into the cryptocurrency realm smoother for beginners.

Furthermore, MetaMask’s continuous global expansion, and the focus on high crypto adoption nations like Nigeria, underline the growing significance of digital currencies in emerging markets. As digital currencies gain broader acceptance, it’s anticipated that such integrations will become more commonplace, making digital currencies more accessible globally.