Yesterday ConsenSys, the developer of the MetaMask cryptocurrency wallet, said that U.S. users would be able to use PayPal as a cash onramp.
MetaMask is the most popular self custody crypto wallet, with usage peaking in March this year with 30 million monthly active users.
Most cryptocurrency users convert fiat to crypto via centralized exchanges. Unsurprisingly the FTX collapse has made people nervous. And in any case, going via exchanges is a significant friction for more mainstream applications such as NFT-based collectibles.
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