This week brought great news for cryptocurrency investors in Europe. Two major fintech companies dedicated to facilitating cryptocurrency transactions, namely MoonPay and MetaMask, shared exciting updates.
On Wednesday, June 12, MoonPay issued a statement informing that investors based in Europe can now purchase cryptocurrencies through PayPal. Meanwhile, MetaMask, the cryptocurrency software wallet, announced that it now offers staking without the minimum investment requirement previously demanded for many of its clients, including the company’s European customer base.
MoonPay Updates
MoonPay, a US-based company, was co-founded by Victor Faramond and Ivan Soto-Wright in 2019. The company currently provides payment infrastructure for cryptocurrencies and NFTs to be traded through various fiat currencies. MoonPay has partnerships with several digital wallets, including MetaMask, Exodus, and Ledger.
According to the company’s founders, the update launched this Wednesday “will provide a frictionless experience and reduce entry barriers to include new users,” given PayPal’s popularity and user-friendly nature. From now on, MoonPay customers will be able to buy cryptocurrencies and digital assets like NFTs using their PayPal digital wallet. The company currently offers 50 cryptocurrencies, including Bitcoin, Cardano, Decentraland, Ripple, and Shiba Inu.
MetaMask Updates
MetaMask is a popular digital wallet created in 2016 by Aaron Davis. The digital wallet or “digital wallet” offers a variety of services to its clients, including facilitating the storage and trading of cryptocurrencies and interacting with the Ethereum network.
This week, MetaMask launched a pool staking service that will allow Ethereum investors to stake any amount to contribute to network security and earn validator rewards. This update frees investors from the previously established minimum requirement, allowing people to stake on their network.
Conclusion
The updates announced by MoonPay and MetaMask this week will likely significantly benefit European investors. By enabling the purchase of cryptocurrencies through PayPal, MoonPay customers gain access to a user-friendly and low-cost platform.
Similarly, MetaMask’s pool staking will benefit European investors by making staking and the potential to earn rewards more accessible. Another excellent option for European investors interested in earning rewards through staking is the Coinbase platform. For example, USDC holders can earn up to 5.15% APY through this reliable and well-established platform.
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