Browser-based decentralized cryptocurrency wallet application MetaMask focuses on the United States, where regulatory complexity continues.
The crypto platform, which made an official statement on its Twitter account the other day, announced that users residing in the USA can purchase Ethereum through payment service provider PayPal.
MetaMask🦊 is the first web3 wallet to enable users to buy ETH using PayPal!
Get started here👇https://t.co/RGcamJQoQ2
— MetaMask 🦊💙 (@MetaMask) May 11, 2023
With this announcement, MetaMask announced itself as the first Web3 wallet application that can buy cryptocurrencies via PayPal. Thanks to the integration, US citizens who want to buy Ethereum via MetaMask will be able to use the PayPal option.
MetaMask's New Vision
The decentralized wallet application, which has been providing only custody services to its users in the past years, has brought new options to its users with great moves in recent months. With the decisions of parent company ConsenSys, MetaMask allows users to buy and sell cryptocurrencies with ease.
MetaMask has partnered with many startups such as Coinbase, Wyre, MoonPay, and PayPal, along with the expansion move in the industry. The last move of the Wallet application for users in the USA raises a question mark in the minds.
As turmoil continues over crypto regulation in the country, the pressure exerted by the SEC and CFTC on the industry may one day affect MetaMask as well.