PayPal Inc. Introduces On and Off Ramps for Web3 Payments

It was disclosed on PayPal Inc.’s Website On Monday

“Today we are taking another step in increasing access to digital currencies by simplifying how wallets, dApps, and NFT marketplaces can enable their customers to buy and sell supported crypto in the U.S. (subject to applicable state law) through integration with PayPal On and Off Ramps.”

Once integrated, Web3 merchants can help grow their user base by connecting to PayPal’s fast and seamless payment experience trusted by millions, while leveraging PayPal’s robust security controls and tools for fraud management, chargebacks, and disputes.

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PayPal previously launched On-Ramps to enable U.S. consumers to directly buy crypto with PayPal through integrations with Metamask and Ledger – with more coming soon. By adding Off Ramps, crypto wallet users in the U.S. can convert their crypto to USD directly from their wallets into their PayPal balance so they can shop, send, save, or transfer to their bank or debit card.

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PayPal Off Ramps is now available to wallets, dApps, and NFT marketplaces and is live on MetaMask today.

Looking to integrate PayPal as an option for On and Off Ramps? Get started here.