Global online payment giant PayPal from customers of web3 merchants in the USA cryptocurrency announced a new feature that will allow them to accept payments.
The feature, called PayPal On and Off Ramps, is an integration with PayPal’s existing service that allows US consumers to buy and sell PayPal-backed cryptos.
PayPal On and Off Ramps will enable wallets, dApps, and NFT marketplaces to integrate with PayPal’s payment platform and offer customers a fast and seamless way to buy and sell crypto in the US. The feature will also leverage PayPal’s security controls and tools for fraud management, chargebacks and disputes.
According to PayPal, Web3 merchants can take advantage of this feature by connecting to PayPal’s reliable payment experience and growing their user base. Additionally, crypto wallet users in the US can convert their crypto to USD directly from their wallet to their PayPal balance, so they can shop, send, save or transfer to their bank or debit card.
PayPal said the following about the new feature:
“By adding Off Ramps, crypto wallet users in the US can convert their crypto into USD directly from their wallet to their PayPal balance so they can shop, send money, save or transfer to their debit or debit card.”
PayPal On and Off Ramps is now available to web3 merchants and is available on MetaMask, one of the most popular crypto wallets and browser extensions.
*Not investment advice.
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