PayPal Rolls Out Crypto Services for US Users via MetaMask and Ledger

PayPal enables US users to sell crypto like Bitcoin via MetaMask wallet integration.
New on- and off-ramps allow converting crypto to USD directly from wallets into PayPal balance.
Features are immediately available for wallets, dApps, and NFT marketplaces.
PayPal partnered with Ledger for new on-ramp to buy BTC, ETH, BCH, LTC directly to Ledger wallet.
MetaMask started enabling ETH purchases via PayPal for US users since May 2023 after initial partnership in late 2022.

cointelegraph.com

Relevant topic timeline:

8/8/2023

PayPal introduces its own stablecoin that's pegged to the US dollar

Main topic: PayPal launches its own stablecoin, PayPal USD, pegged to the US dollar. Key points: 1. PayPal USD is backed by US dollar deposits, short-term US Treasuries, and similar cash equivalents. 2. The stablecoin is issued on the Ethereum blockchain by the Paxos Trust Company, regulated by the New York State Department of Financial Services. 3. Users can buy, sell, send, and use PayPal USD for payments, as well as transfer it to external wallets or convert other cryptocurrencies.

8/21/2023

PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’

PayPal has launched its own stablecoin called PayPal USD (PYUSD) in the United States, aiming to eliminate price volatility in digital currencies and facilitate confident payments, despite unclear regulatory guidelines for digital assets in the country. PayPal's large user base and market share in online payment processing could significantly impact stablecoin adoption. However, there are potential advantages and disadvantages associated with PYUSD, including its potential to onboard mainstream users to the digital economy and the lack of regulatory clarity in the US.

8/23/2023

Visa and PayPal Could Fall Behind Crypto Dollars. Why That Matters.

Cryptocurrencies pegged to the dollar are posing a potential threat to Visa and PayPal, highlighting the potential in digital payments, although this trend is not yet reflected in the stock market.

8/25/2023

Australian exchange enlists PayPal as banks ‘close ranks’ against crypto

Australian crypto exchange Independent Reserve has partnered with PayPal to allow customers to fund their crypto accounts directly with fiat from their PayPal wallet and withdraw funds from the exchange, mitigating the risks posed by increasing bank restrictions on crypto exchange payments.

9/15/2023

PayPal and Coinbase Make Crypto More Accessible, SEC Delays Spot Bitcoin ETFs, Meta and Franklin Templeton Pursue AI and Crypto

PayPal expands its crypto services with new on-ramps and off-ramps for cryptocurrencies in the United States, Franklin Templeton files for a spot Bitcoin ETF, Coinbase integrates the Bitcoin Lightning Network, and Meta is developing a new AI model to rival OpenAI's system.

9/20/2023

Venmo Rolls Out PayPal's New PYUSD Stablecoin, Lets Users Buy 5 Cryptos With No Fees

PayPal's stablecoin, PayPal USD (PYUSD), is now available for purchase on Venmo, allowing users to buy the cryptocurrency and marking the first instance of wallet interoperability with no costs between PayPal and Venmo.

9/28/2023

Crypto.com Becomes Top Platform for Trading PayPal's New Stablecoin PYUSD

PayPal's stablecoin, backed by the US dollar, has become available on the Crypto.com exchange, which now holds the deepest liquidity for trading pairs with the PayPal USD (PYUSD) stablecoin globally.

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Posted 9/12/2023, 2:03:56 PM