Good news for crypto enthusiasts: MetaMask, a leading non-custodial wallet provider that connects you to Ethereum and other Ethereum Virtual Machine (EVM) compatible blockchains, has just rolled out a game-changing feature.
The new “Buy Crypto” option, integrated into its Portfolio Dapp, will enable users to purchase cryptocurrencies with fiat currency in a snap. Say goodbye to complicated processes and hello to smooth crypto transactions!
The “Buy Crypto” feature has a vast reach, being available in over 189 countries and supporting more than 90 tokens across eight different networks, such as Ethereum, Polygon, Arbitrum, BNB Smart Chain, Avalanche Contract Chain, Fantom, Optimist, and Celo.
And the cherry on top? Users can now make their purchases via debit or credit cards, PayPal, bank transfers, and even instant ACH (Automated Clearing House) transactions. MetaMask aims to simplify the crypto onboarding process and make it more accessible to the masses.
To access this nifty feature, MetaMask users can either connect their wallets to the Portfolio Dapp or click on the “Buy” button in the MetaMask extension wallet. Don’t worry about one-size-fits-all quotes – the feature takes into account the user’s location and local regulations to provide customized quotes for each purchase.
Once you’ve chosen a quote, you’ll be redirected to a third-party provider’s website to finalize the transaction. In no time, the funds will be deposited directly into your MetaMask wallet.
MetaMask has a history of partnering with organizations to onboard new users to its platform. Back in 2022, ConsenSys, MetaMask’s parent company, joined forces with PayPal to make purchasing and transferring ETH a breeze for select PayPal users in the United States.
The new “Buy Crypto” feature is poised to help onboard even more users, particularly in countries where crypto adoption is on the rise but buying crypto remains a hassle.
This feature is a game-changer, especially for Nigerian users, where MetaMask is a popular choice. ConsenSys recently partnered with crypto fintech MoonPay to make purchasing crypto via instant bank transfers possible for Nigerian users, eliminating the need for credit or debit cards.
According to MetaMask product manager Lorenzo Santos, this new integration supporting local bank transfers is expected to reduce friction and bring more people into the crypto fold.
MetaMask’s new “Buy Crypto” feature is a breakthrough in simplifying the crypto purchasing process and making it more accessible to users worldwide. With PayPal, bank transfers, and card transactions now supported, getting your hands on your favorite tokens has never been easier.