PayPal, the Silicon Valley payments giant, has launched a new service that allows users to convert their crypto assets to US Dollars. This comes after the company launched its on-ramp service that allowed customers to buy crypto. The off-ramp service is available to wallets, dApps and NFT marketplaces, and it’s also live on MetaMask.The company has been expanding its operations in the cryptocurrency space in recent months. This includes the launch of its USD-backed stablecoin on the Ethereum blockchain, as well as a partnership with Coinbase to offer cryptocurrency transactions in Europe. Crypto wallet manufacturer Ledger also recently announced a new integration that allows US customers to purchase cryptocurrencies like BTC, ETH and ETH using their PayPal accounts. PayPal’s new service makes it easier for users to convert their crypto assets into dollars, and provides Web3 merchants with access to robust security controls and tools for fraud management, chargebacks and disputes.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 9 |
| People | None |
| Companies | PayPal, Paxos, Ledger, MetaMask, Coinbase |
| Currencies | Bitcoin, Ethereum, US Dollar, PayPal USD, Pax Dollar |
| Securities | None |
