Paypal collaborates with Metamask: Why this is a big deal - Episode 322 - by cryptohunt.it

Paypal collaborates with Metamask: Why this is a big deal

Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English.

Crypto just went a little bit more mainstream with another interesting announcement by Paypal: They have created a deep integration with a popular crypto wallet called Metamask.

Let's unpack this, and talk about why that is an important milestone.

Crypto kindof exists in its own universe. It's hard to get into, hard to use, and there are not many things you can really DO withit, other than speculate on price swings.

The first problem, getting into crypto, is something insiders call the "onramp" problem. You need to use real world money to buy crypto to play around with it in the first place. Several places obviously exist, like exchanges such as Coinbase, but they are not something lots of people are familiar with or comfortable.

Enter Paypal - the company has already been allowing people to use their regular Paypal app to buy crypto. But thus far, it lacked a good way to use it somewhere other than for payments. And this is where Metamask, the most popular crypto wallet in the world, saw an opportunity. Together, the two companies built an integration that allows people to use Paypal to buy crypto inside the Metamask app.

To understand just why that is so important, you need to understand how people use Web3. In this alternative world, log ins happen with your wallet - such as Metamask. Having your log in and your crypto funds in one place makes things so much easier.

And if this all excites you and you are in the process of opening up your Paypal app right now, hold on, at least for just a quick moment: Crypto is still dangerous and hard to use, so take a deep breath before you dive in.

But don't worry - we got you covered. I recommend to get certified in Crypto over the holidays or between the years - when you maybe have a bit more time at hand. We created a great course on cryptohunt.it to get started the safe way and you even get a personalized NFT in the end of it.

And with that - for the ones that spend the next few days with friends and family - happy holidays. And no worries, we will already be back on Moday!

This podcast is produced by Cryptohunt.it, the easiest place to learn all about Web3. Copywriting is done by Arndt Voges, Social Media is done by Brett Holleman, design is done by Carmen Rincon, and my name is Christian Byza, Co-Founder of Cryptohunt and I am your host of this daily show.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.