PayPal Launches New Service Allowing Users to Convert Crypto to Dollars

PayPal launches new service to convert crypto to USD directly from wallets into PayPal accounts.
Available for U.S. users with MetaMask wallets initially, with plans to expand to more wallets, dApps and NFT marketplaces.
PayPal claims users can benefit from its fraud management tools and chargeback protections.
Follows MetaMask introducing a similar fiat off-ramp feature last week.
Part of PayPal's expanding crypto product suite since launching crypto trading in 2020.

decrypt.co

Relevant topic timeline:

8/8/2023

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

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8/21/2023

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

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8/23/2023

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8/25/2023

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9/7/2023

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9/15/2023

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9/20/2023

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

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9/28/2023

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

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Posted 9/12/2023, 10:15:10 AM