Meta Mask, a popular cryptocurrency wallet, has recently expanded into the Apple ecosystem post announcing its integration into its app and website. As Apple doesn’t support crypto payments directly, MetaMask will land a user at a crypto exchange location, Wyre, to facilitate the buying and selling of cryptocurrency. Post this integration, users will now be conducting payments via credit and debit cards via Apple Pay.
This way, Apple Pay users can deposit over $400 into their wallets via Mastercard and Wyre API. For those who aren’t privy to MetaMask, it is a crypto wallet service provider that allows users to store and buy cryptocurrencies such as Ethereum, Bitcoin, and even NFTs. MetaMask allows crypto users to connect with more than 37000 decentralized applications and Web 3 services.
MetaMask announced this integration on Twitter.
The crypto company announced this recent slew on Twitter. However, MetaMask will also charge a gas fee along with its transaction fees, around 0.875% of the transaction. As per MetaMask, it makes no money from the gas fee but makes a margin from the transaction fee it charges.
Apple Pay users willing to conduct payments via MetaMask must complete their KYC (know your customer) process. MetaMask has added support for private blockchains as well. On Twitter, the company iterated, “Some networks allow for gasless transactions (e.g., private blockchains, or when a project/protocol pays for the gas on your behalf).”
As per a press release of March 2022, MetaMask said it had surpassed 30 million monthly active users, making it one of the most popular crypto wallets today.
In another release, MetaMask uttered that it had banned all accounts based on those sanctioned by the US government. This development comes after the US and its allies have imposed sanctions on Russia following their invasion of Ukraine. Its parent company, ConsenSys, said that it currently observes sanctions on “Iran, North Korea, Cuba, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine.”