MetaMask: iPhone and Apple Pay Users Can Now Buy Crypto

This eliminates the need to transfer Ether (ETH) from a centralized exchange into the application

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Crypto wallet Metamask announced that with their recent IoS update, iPhone users will now be able to buy cryptocurrency using a debit or credit card through the mobile Apple Pay application, eliminating the need to transfer Ether (ETH) from a centralized exchange into the application. 

Metamask shared the news last Tuesday, April 12, through a twitter thread.

According to MetaMask, transactions of IoS users will utilize two payment gateways, Wyre and Transak, to support debit card and credit card deals. Also, users can now use their Visas and Mastercards stored in Apple Pay to buy ETH and deposit a daily maximum of $400 into their wallets, thanks to the Wyre API. 

In good news, the crypto wallet added that gas fees are reportedly lower, and, according to its tweets, some transactions may even be gasless if done on a private blockchain or if a project pays for the gas on the user‘s behalf. Metamask noted that it does not profit from gas fees when users complete an ETH purchase.

On the other hand, Metamask states that even before the integration, users can buy stablecoins Tether (USDT), USD Coin (USDC) and Dai (DAI) via Transak on the Ethereum mainnet in the crypto wallet. Through the latest update, users will now also be able to make bank transfers and use credit/debit cards to buy crypto using over 60 global currencies. 

Metamask being the leading crypto wallet with 30 million reported monthly users told its users, who are eagerly waiting for its token, to moderate their expectations as the firm is slowly but surely crafting its own token. (Read more: Wen MetaMask Token? Operations Head Says Temper Expectations)

Following these improvements, ConsenSys, the developer of MetaMask, acquired the deep-rooted Ethereum interface MyCrypto, to strengthen Metamask and help improve the security of all products and create a cohesive user experience. (Read more: ConsenSys Acquires MyCrypto to Strengthen MetaMask)

Moreover, last January, MetaMask  invited Web 3 developers to access Flask—a software designed as an experimental proving ground for their innovative features—and its latest technical innovations. (Read more: MetaMask Invites Web3 Developers to Access Flask, Launches its First-Ever Feature ‘Snaps’)

BitPinas exclusively received a report from Metamask that by the start of 2022 the crypto wallet has reached 3.57 million Filipino users, which is a 78.5% increase from the previously reported 2 million Philippine users last August 2021.

This article is published on BitPinas: MetaMask: iPhone and Apple Pay Users Can Now Buy Crypto

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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