MetaMask now provides a new fiat buy option for crypto purchases

Users may now purchase about 90 cryptocurrencies by linking their MetaMask wallet and using local payment options through Portfolio Dapp’s Purchase Crypto function.

MetaMask now offers a new fiat-purchasing feature

On Monday, April 10th, cryptocurrency wallet, and decentralized application (DApp) maker MetaMask announced the debut of a new feature that would enable its customers to buy cryptocurrencies with fiat money straight from its Portfolio Dapp.

The action is intended to make it simpler for customers to buy cryptocurrency using fiat money, said MetaMask.

With the help of Metamask’s new “Buy Crypto” tool, users may purchase a variety of cryptocurrencies using a variety of payment methods, such as bank transfers, debit or credit cards, PayPal, and immediate ACH (Automated Clearing House).

According to the wallet provider, the service will be made available to customers in 189 countries and will include more than 90 tokens on eight different networks, including Fantom, Celo, Ethereum, Arbitrum, BNB Chain, Polygon, Optimist, and Avalanche.

To utilize this service, MetaMask users would need to link their wallets to the Portfolio Dapp by clicking the “Purchase” button in the MetaMask extension wallet. Users will be able to choose their preferred network, payment method, token, and area through this.

The new feature of MetaMask works with the location

The new function, according to MetaMask, provides a customized payment quotation by taking into consideration several variables, including the user’s location and regional laws.

The money is then immediately placed into the user’s MetaMask wallet after users are forwarded to the website of a third-party provider to complete the transaction.

To make it simpler for people to buy cryptocurrency, MetaMask has started collaborating with businesses. To facilitate direct cryptocurrency purchases in Nigeria, MetaMask teamed up with MoonPay last month.

A staking solution for institutional investors was introduced by MetaMask Institutional in March in collaboration with Allnodes, Blockdaemon, and Kiln. ConsenSys Staking Allnodes, Blockdaemon, and Kiln offer a variety of staking services that are available to businesses and institutional investors.

I am Vishal. I post articles about the cryptocurrency markets. I'm pursuing a BBA degree. My home is in Navi Mumbai, Maharashtra.I'm constantly interested in new advancements in this industry and I learn something new about it every day. I would love to share such information with you all.

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