The MetaMask digital wallet, first released in 2016, was initially designed for the Ethereum (ETH) network, before opening up to other blockchains and becoming a must-have wallet in the cryptosphere. Its development company, ConsenSys, recently received $450 million in investment to continue developing its software. It is in this context that we learn that MetaMask now integrates an option to buy cryptos by credit card directly in its interface.
Metamask allows you to buy ETH in $ and € via credit card
The MetaMask wallet has become widely popular as the Ethereum network has grown. The phenomenon has been further amplified with the arrival of decentralized finance (DeFi) and its support of other blockchain networks compatible with the Ethereum Virtual Machine (EVM).
Always looking for a better user experience, MetaMask teams recently announced the release of the 4.3.1 update to the digital wallet. In addition to adding a cosmetic dark mode, this new version especially brings the integration of crypto asset credit card purchases on iOS devices, via Apple Pay and Wyre.
“MetaMask Mobile v4.3.1 is live with some interesting updates:
Buy cryptocurrencies on iOS with Apple Pay (Wyre), more transparency when interacting with sites, and support for gasless transactions where relevant. (…) Buying crypto on iOS just got a lot easier! In addition to debit card support, MetaMask Mobile now supports Visa and MasterCard (ApplePay) credit cards through Wyre.”
Up to $400 per day
As stated in a CryptoPotato publication, MetaMask users will now be able to buy cryptos with their debit or credit cards, up to a limit of $400 in a day. This is regardless of whether the bank card is a Visa or Mastercard.
It should be noted, however, that while MetaMask advertises that it does not take a profit on these CB crypto purchases, fees in the amount of 0.875% of the transaction will apply.
In the good news mentioned below, let’s point out that the support of gas-free transactions will allow users not to pay transaction fees, which will instead be covered by the networks that offer them (private blockchains, projects/protocols that pay for gas).
MetaMask continues to develop its features as surely as its user base grows. The latter are now more than 30 million per month interacting with the wallet. And these users could soon become an integral part of the ecosystem, as MetaMask plans to launch its own DAO and token.
