Benzinga - by Khyathi Dalal, Benzinga Staff Writer.
Foraying deeper into the Web3 arena, Paypal (NASDAQ: PYPL) launched PayPal On and Off Ramps integration, a secure and structured payment solution.
While Web3 businesses and merchants can expand their customer rooster, the process of purchasing and selling crypto in the U.S. will be made more efficient.
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Digital wallets, decentralized applications (dApps), and NFT marketplaces will become more accessible for PayPal Off Ramps through this offering. PayPal will also benefit customers with its security features like handling fraud, chargebacks, and disputes.
Also Read: PayPal's Ex-President Advocates Transforming Bitcoin Into A Global Payment Network
On Ramps was launched earlier to enable U.S. consumers to directly buy crypto with PayPal through integrations with Metamask and Ledger. More integrations are underway.
Off Ramps will let U.S. crypto wallet users smoothly convert digital assets into USD directly from their wallets into their PayPal balance. Besides being activated on wallets, dApps, and NFT marketplaces, PayPal Off Ramps will be live on MetaMask from today. This offering from PayPal aims to make shopping, sending, saving, and transferring funds to bank accounts and debit cards easier.
PayPal is the first financial service company to launch its native stablecoin PYUSD to spread the usage of crypto as a payment method and other transactions.
Read More: PayPal Unveils USD-Backed Stablecoin PYUSD In Digital Payments Revamp
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