• News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • Swap Crypto
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • Swap Crypto
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

PayPal Expands Crypto Services with On and Off Ramps Integration

12 September 2023
in Latest News, News
Reading Time: 3 mins read
107 3
PayPal Expands Crypto Services with On and Off Ramps Integration

source: coincu.com

PayPal has once again moved to assert itself in the Web3 payment space by launching an on- and off-ramp integration for merchants and service providers.  

PayPal, on September 11, 2023, announced that it is introducing an off-ramp service for users with crypto wallets. This new offering builds upon its previous on-ramp service, powered by integrations with Metamask and Ledger, to enable users to purchase cryptocurrencies directly via their dashboard on PayPal. 

The new off-ramp service complements this and empowers customers to seamlessly convert their crypto holdings into U.S. dollars directly from their wallets into their PayPal balances. 

According to PayPal, this new feature represents

“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.”

And new users stand to benefit from the platform’s predictive risk algorithms and well-established relationships with financial institutions.

The payment service provider also expects the integration to prove beneficial for Web3 businesses. PayPal believes it will allow business owners to allocate resources to growth and customer acquisition while it manages important aspects of their transactions like verification, fraud prevention, and chargebacks.

PayPal’s announcement reveals that the On and Off Ramps integration is already accessible to wallets, dApps, and NFT marketplaces, and it is live on MetaMask as of Monday. However, it is currently only available to users in the United States.

It’s worth noting that PayPal has been actively involved in the Web3 payment sector in 2023. The company has framed its activities in the space on the premise that it seeks to simplify the digital payment process and increase adoption by reaching millions of customers through a trusted brand.

A few months ago, in August, PayPal introduced a digital currency, the PayPal USD (PYUSD), a stablecoin pegged to the U.S. dollar. This move has been described as an attempt by PayPal to leverage the advantages of stablecoins in the realm of digital transactions and finance.

While PYUSD currently caters exclusively to U.S. users, it offers distinctive features, including the convenient conversion of PYUSD to fiat currency directly through the PayPal platform. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: PayPal
Share64Tweet40Share11
Previous Post

BIS, Hong Kong, and Israel Publish Findings from CBDC Experiment, Project Sela

Next Post

Stablecoin Legislation: Impact on the Crypto Space

Favour Olaiya

Favour Olaiya

Related Posts

France, Singapore, and Switzerland Test Cross-Border CBDCs in Project Mariana
CBDCs

France, Singapore, and Switzerland Test Cross-Border CBDCs in Project Mariana

28 September 2023

The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have completed a collaborative experimental test focused on cross-border trading and settlement involving wholesale central bank digital currencies (CBDCs). According to a report published...

Binance Asks Users to Convert Their EUR Balances to USDT After Paysafe Pullout
Latest News

Binance Asks Users to Convert Their EUR Balances to USDT After Paysafe Pullout

28 September 2023

Binance, on Thursday, September 28, 2023, announced that there would be a brief interruption of euro (EUR) payments due to Paysafe's unilateral decision "to stop processing EUR deposits" for the exchange's users.  The exchange stated that Paysafe users will...

Kraken Expands European Footprint with Licence Approvals in Spain and Ireland
News

Kraken Expands European Footprint with Licence Approvals in Spain and Ireland

27 September 2023

Popular cryptocurrency exchange Kraken has marked a significant stride in its European expansion drive. On September 26, 2023, the exchange announced that it had secured licencing approvals from the Central Bank of Ireland and the Bank of Spain. These...

Binance Exits the Russian Market, Returns to Full Operations in Belgium
Latest News

Binance Exits the Russian Market, Returns to Full Operations in Belgium

27 September 2023

Binance is bidding farewell to the Russian market, selling its business subsidiary in the nation to CommEX. While this exit process will unfold over the next year, Binance has assured its Russian users that their funds will remain unaffected....

Swap Crypto

Markets Update

PayPal USD Stablecoin: A Win For Ethereum Or A Return to Centralization?

2 months ago

Worldcoin (WLD) Price Surges on Launch, But Privacy Concerns Issues Cast Doubts

2 months ago

XRP Skyrockets as Ripple Scores Partial Victory In SEC Battle; What Next for US Crypto Regulation?

2 months ago

Bitcoin May Be on a Bullish Trend As Price Approaches the $26,800 Key Support Level

4 months ago

DOGE Hits $10B Market Cap; Community Criticizes New Twitter CEO Appointment

4 months ago

NFT Market in Q1 2023: A Tale of Strong Starts, Mixed Performances, and Shifting Market Dynamics

5 months ago
Read More

Spotlight

All about SolChicks

All about Algorand

All about Bitcoin

All about Goracle

Press Releases

Gora Network Launches Testnet on Arbitrum

Gora Network Launches Testnet on Arbitrum

byGuest Author
13 August 2023
0

...

Blockswap to Host Multichain ERC20 Side Event at ETHCC

Blockswap to Host Multichain ERC20 Side Event at ETHCC

byGuest Author
8 July 2023
0

...

Goracle’s $GORA Initial DEX Offering Is Live on DeFi planet

Goracle’s $GORA Initial DEX Offering Is Live!

byGuest Author
28 June 2023
0

...

BitMEX Introduces a New PnL Realisation Feature for More Capital-Efficient Cross-Margining

BitMEX Introduces a New PnL Realization Feature

byGuest Author
13 April 2023
0

...

BitMEX Joins TRUST Protocol to Expand Travel Rule Compliance Capabilities, Aims to Adapt Swiftly in an Evolving Landscape

BitMEX Joins TRUST Protocol to Expand Travel Rule Compliance Capabilities

byGuest Author
13 April 2023
0

...

Read More
  • About Us
  • The Team
  • Careers
  • Contact
  • Partnerships

© Copyright 2023 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

No Result
View All Result
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • Swap Crypto
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00