MetaMask Users Can Buy Crypto Using Apple Pay

Share This Post

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.”

Nitish Vaibhav
Nitish Vaibhavhttp://thetradingbay.com
I am an Entrepreneur. I believe building a Network and staying connected to the world will give you Wealth.

Related Posts

What is The Next Cryptocurrency To Explode in 2022

As the Bitcoin's remarkable ascent, crypto enthusiasts are in...

What is Blockchain Technology and How Does it Work?

Although initially recognized for only being the underlying framework...

Forex Reserves Formidable But Vain Amidst a Global Tide

The Reserve Bank of India (RBI) has used its...

Rupee Hitting an All-Time Low Suggesting Forex Reserve Erosion

Highlights: INR (Indian Rupee) weakened to an all-time low, hinting...

Cryptocurrency Shocker! GST Council to Impose an Additional 28% Tax on Crypto Assets

Highlights: The Indian crypto market is amidst shock after the...
0
Would love your thoughts, please comment.x
()
x