Earlier this year, MetaMask Wallet partnered with Snaps to create a multi-channel friendly ecosystem. He then implemented a service that would allow him to support all non-native tokens. Today, MetaMask continues to deliver new features with a view to becoming the hub for crypto enthusiasts. He recently announced the launch of a new service that will make it even easier for consumers to buy crypto. Find out what it’s all about.
Buy over 80 cryptos directly with fiat currency!
Just over a month ago, MetaMask announced support for Optimism and Arbitrum. Now, the Ethereum-based digital wallet announces a new feature. The latter is called “Buy Crypto Token” and is part of the Portfolio Dapp of the wallet. This is a direct access service to cryptos via fiat currency. It allows users to use local payment methods to buy around 90 cryptos from their wallet interface. The purchase of cryptos will be at the best price, promised MetaMask.
According to MetaMask, eight blockchains are currently supported by the feature. These are the Ethereum, Polygon, Optimism, Arbitrum, Binance Smart Chain, Avalanche Contract Chain, Fantom and Celo networks. Additionally, MetaMask found that the service is currently available and supported in 189 countries. Also, it can be accessed through the browser application.
However, a limit has been placed on the amount of crypto users can purchase through the new service. Indeed, this amount will vary according to the laws applicable in the regions concerned. At the same time, the new service supports multiple payment options. These include debit and credit cards, bank transfers and PayPal.
MetaMask launched several projects between 2022 and 2023. Even though some projects fell through like the IP address harvesting project, it recorded several successes. For example, in October 2022, the wallet started allowing instant bank-to-crypto transfers. The idea was to make it easier for consumers to convert their fiat currencies to crypto. MetaMask’s solution was intended to be more flexible than the methods offered by crypto exchanges. Also, it allowed consumers to convert up to $3,000 into cryptos on a daily basis.
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