MetaMask also uses Transak Payments to allow users to purchase cryptocurrencies with their debit or credit cards. To use either of these two platforms, users will have to complete their KYC process.
Crypto wallet service MetaMask has rolled out support for Apple Pay. This will allow users to purchase cryptocurrencies with a debit or credit card through the mobile app. Users will not need to transfer cryptocurrencies from crypto exchanges. Apple does not support crypto payments through its platform. For this reason, MetaMask will send payments through the crypto exchange Wyre. There is a service on Wyre to convert crypto to normal currency via API. Apple Pay users will be able to deposit up to $400 per day into their wallet using Visa or MasterCard and the Wyre API.
MetaMask also uses Transak Payments to allow users to purchase cryptocurrencies with their debit or credit cards. To use either of these two platforms, users will have to complete their KYC process. James Beck, director (communications and content), ConsenSys, the company that runs MetaMask, told Cointelegraph that the reason for launching the service is to increase access and reduce difficulties. “We want users to be able to convert their cryptocurrencies within the app and not have to leave the app for it,” he said.
Among the popular crypto wallets, MetaMask has more than 30 million monthly active users. It can be accessed on Firefox, Google Chrome and other Chromium based browsers. Its browser extension provides easy access to Web 3 sites such as Non-Fugible Tokens (NFTs). It also offers the facility to set up multiple addresses so that users can hold NFTs at a different address than their cryptocurrency.
ConsenSys’ mobile app seamlessly intertwines the desktop and mobile versions of the wallet. It also includes a built-in browser for decentralized applications and NFT marketplaces. In recent times, the number of people associated with the crypto segment has increased rapidly. Along with this, crypto wallets have also increased their services. In recent days some countries have started work on plans to launch CBDCs. Unlike cryptocurrencies, CBDCs do not have volatility and other risks. In the US, the Federal Reserve is exploring the possibility of launching a CBDC.