News surfaced that the famous payment processor PayPal is working with Metamask in order to bring crypto buying, selling, and holding to its masses. Many crypto enthusiasts saw this as a huge step towards mass adoption. If this becomes a reality, some cryptocurrencies should soar high. Here are 3 cryptos that will increase in prices thanks to this PayPal Metamask potential integration.
What is PayPal?
PayPal is a financial services company that allows individuals and businesses to send and receive money online. It operates as an electronic alternative to traditional paper methods like checks and money orders. PayPal offers a variety of services, including the ability to make payments, transfer money, and accept payments from others.
What is Metamask?
MetaMask is a browser extension that allows users to access and interact with the Ethereum blockchain. It allows users to store, manage, and use their Ethereum accounts and tokens, as well as interact with decentralized applications (dApps) built on the Ethereum platform. MetaMask is often in the context of decentralized finance (DeFi) ecosystem, where it manages and interacts with a wide range of financial services built on the Ethereum blockchain.
PayPal and Metamask collaboration: What will Happen?
There are rumors surfacing that PayPal and Metamask are about to join forces.
According to a press release, users will be able to use their PayPal accounts as a payment method to acquire ether (ETH) from within the MetaMask software thanks to a cooperation between the payments company and MetaMask. The product helps in making it simple to buy Ether and send it through PayPal to MetaMask.
At a time when the industry is searching for a path ahead during the crypto winter, MetaMask hopes that the product will assist in attracting more users to the Web3 ecosystem. This connection with PayPal will allow U.S. consumers to not only buy cryptocurrency securely through MetaMask, but to simply explore the Web3 ecosystem.
Top 3 Coins to BOOM if PayPal offers Crypto Services
It is no secret that if Metamask does more business development, Ethereum as a blockchain and Ether as a token strive. This is based on the fact that supply and demand purely dictate the price of Ether. More demand while supply remains constant, equals higher prices.
MATIC is another token that can be stored on Metamask when using the Polygon network. If more users onboard on Metamask, more users might also use MATIC. This will increase its prices as more demand should occur. This is especially true as many well-known companies are jumping into the Metaverse and Web3 ecosystem using Polygon as their blockchain.
Avalanche is yet another blockchain that can prosper from the PayPal Metamask integration. It is a blockchain platform for the deployment and management of decentralized finance (DeFi) applications. It uses the Avalanche consensus protocol, which provides fast, secure, and decentralized transaction processing. The Avalanche platform supports a wide range of DeFi applications, including stablecoins, lending and borrowing platforms, exchanges, and more. It also allows developers to create and deploy their own custom blockchain networks, which helps in building and scaling DeFi applications.
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