The new Metamask feature will allow users to purchase crypto with fiat currency directly from the wallet’s Portfolio Dapp
Image: pexels.com
Cryptocurrency wallet and dApp provider MetaMask has announced the Buy Crypto aggregator feature, which allows users to purchase crypto with fiat, is now available directly in its Portfolio Dapp.
From now on, MetaMask Extension users will be automatically redirected to the Portfolio Dapp when they select the “Buy” button in the wallet. Besides, they can directly connect to Portfolio Dapp to access the new feature. The option is supposed to facilitate crypto trading, enabling customers to use various payment methods, including debit or credit cards, PayPal, bank transfers and instant ACH.
The Buy Crypto service rolls out to users in 189 countries. It offers more than 90 tokens across eight different blockchain networks, including Ethereum, Polygon, Arbitrum, BNB Smart Chain, Avalanche Contract Chain, Fantom, Optimis and Celo.
At the same time, the availability of payment methods will vary by location. Moreover, regional KYC laws may incur certain order limits. Therefore, Buy Crypto takes into account all these factors to provide a customized quote for each purchase.
Once the user has chosen a preferred quote, they will be redirected to a third-party provider’s website and take further steps to complete the transaction. The funds are deposited directly into the user’s MetaMask wallet.
Over the years, MetaMask has partnered with multiple financial and Web3 organizations, including PayPal, MoonPay, Sardine, Banxa and Transak to help onboard new users to its platform.
Last month, MetaMask Institutional announced the opening of a new staking marketplace for its institutional clients. The institutional version differs from MetaMask retail wallet by more versatile controls and functionality. With the new marketplace, organizations will be able to manage ETH staking through four select vendors — ConsenSys Staking, Allnodes, Blockdaemon and Kiln.
