Payment services giant PayPal announced the launch of its service that allows conversion from cryptocurrency to dollars for web3 payments.
PayPal September 11 In the post published on the official website on , it was stated that businesses using web3 should use the supported services in the USA. Making cryptocurrency buying and selling easier He stated that he added a new service to the services he offers. Allows PayPal users to transfer their cryptocurrencies to their accounts in dollars off-ramp It has been reported that it is available.
With this new service, users you can easily shop And in money transfer It was noted that it could be found. PayPal stated that users’ crypto experiences will be simplified with the off-ramp.
PayPal is available off-ramp of service in decentralized applications (dApp), cryptocurrency wallets And On NFT marketplaces He emphasized that it is available. Moreover off-ramp Its services are said to be live on crypto wallet provider Metamask.
The company has in the past allowed users to buy crypto assets with their PayPal accounts. on-ramp service metamask And Ledger It was presented to users with .
Moreover metamask reported last week that it was offering an off-ramp service that allows users to transfer crypto assets to their PayPal accounts in fiat currency.