Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to Paypal’s payments system.
Paypal Launches On- and Off-Ramps for Web3 Payments
Payments giant Paypal revealed on Monday it’s moving to further increase access to crypto by offering wallets, decentralized apps (dapps) and marketplaces for non-fungible tokens (NFTs) a simple solution to enable their customers to buy and sell supported cryptocurrencies in the U.S.
This can be achieved through an integration with the Paypal On and Off Ramps, subject to applicable state laws, the company said, adding:
Once integrated, Web3 merchants can help grow their user base by connecting to Paypal’s fast and seamless payments experience trusted by millions, while leveraging Paypal’s robust security controls and tools for fraud management, chargebacks and disputes.
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