- The crypto wallet service provider now facilitates direct crypto purchases through the platform.
MetaMask has made a significant move and brings a whole new feature to the platform to make cryptocurrency purchases easier. The feature on top of the popular crypto wallet and decentralized application (DApp) provider will allow users to purchase cryptocurrencies using fiat currencies. Buying digital assets through the platform after the Buy Crypto upgrade feature on Portfolio Dapp would be easier and more frictionless than before.
With the feature, users can purchase various major cryptocurrencies directly. There would be more than 90 different crypto tokens from eight blockchain networks including Ethereum, Arbitrum, Fantom, Avalanche Contract Chain, etc. And these assets could be purchased through multiple payment methods, from credit or debit cards, bank transfers, PayPal and Automated. Clearing House (ACH).
In the past, the browser-extension crypto wallet created by the leading blockchain technology company Consensys has been striving to attract more users. MetaMask made alliances with different entities in these years.
Last year, Metamask reported that it partnered with payment giant PayPal. This collaboration allowed users of the crypto wallet platform to purchase Ethereum (ETH) and exchange the crypto asset using the payment protocol.
The service launched in December 2022 made it easy for users to purchase Ethereum (ETH) and transfer it to MetaMask from PayPal. You just need a login from the Metamask mobile app. The transaction could easily go through after being redirected to the PayPal account.
metamask it reportedly announced its integration with MoonPay, a popular crypto-finance service provider, in March of this year. With this integration, users based in Nigeria were able to make cryptocurrency purchases using bank transfers.
Now, the recent feature offers to buy cryptocurrencies in an easier and cheaper way using traditional payment methods such as cards or bank transfers.
MetaMask users need to link wallets with the Portfolio Dapp or they can simply opt for the "Buy" option. Users can select their location, a payment method and the cryptocurrency of their choice on the network they want.
Additionally, the feature deals with crypto regulations in the region after confirming the user's location. This takes advantage of a more personalized experience each time a purchase is made. After securing the purchase quote, users are redirected to the transaction phase. From there, the diverted path takes users to their MetaMask wallet and the process completes its final stage.
