ConsenSys, a blockchain technology firm announced that it has already begun the process of integrating Paypal into its MetaMask wallet for users to easily buy Ethereum with Paypal. This is coming shortly after a court ruling in Switzerland.
The news was announced through the Fintech Times. The firm claims that the integration is yet another brilliant collaboration in the online community because it will give U.S. users access to buy crypto through MetaMask and also explore various options in the Web3 space and this is the most recent effort the firm has made to enhance and broaden the payment alternatives available to MetaMask users.
The announcement indicated that only a few US customers can presently access this new feature. A rollout to all qualified US consumers is, however, anticipated to happen in the coming weeks. It is worth mentioning that MetaMask will be the first Web3 wallet to use PayPal to improve on-ramp transaction success.
MetaMask had previously launched a beta portfolio viewer that would let users combine their assets from several networks and accounts.
ConsenSys in Switzerland Courtroom
ConsenSys announcement comes after a court ruling in Switzerland. The report gave details of what transpired in ConsenSys that resulted in a ruling from a Swiss court. It was revealed that ConsenSys signed and executed a sales and contribution agreement (SCA) in 2020. This SCA then transferred many assets from ConsenSys AG to the newly formed entity, ConsenSys Software Inc.
As per the agreement, among these assets were Metamask, Infura, Truffle, Codefi, Pegasys, and a number of regional consulting firms. However, shareholders claim that the SCA was carried out without their knowledge.
On November 16, 2022, a Zug Cantonal Court judge in Switzerland made a decision in favor of a number of stockholders. This organization is asking for a vote on whether or not to accept the transaction.
This is not the first time Consensys is having issues, the firm was previously accused of stealing customers’ IP addresses. The firm, however, stated that only the language was changed from the wallet upgrade.