MetaMask Wallet Allows iPhone Users to Buy Crypto Using Apple Pay
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Answer MetaMask Wallet Allows iPhone Users to Buy Crypto Using Apple Pay
Yesterday, March 29, the MetaMask wallet announced a set of updates, most notably the release of its mobile version 4.3.1, which has the ability to integrate with the Apple Pay payment service.
Here we make it clear that “Apple” does not directly support crypto payments through its own platform, but this must be done through the “Wyre” broker, which supports crypto and integrates with “Apple Pay”.
📣 MetaMask Mobile v4.3.1 is live with some exciting updates:
Buy cryptocurrency on iOS with Apple Pay (Tweet embed), more transparency when interacting with sites, and support for gasless transactions where applicable.
Are you getting better? Yes it is! We now have a dark mode! 🌑
Read:BitMEX prepares to launch Bitcoin-based “fixed income” products
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– MetaMask 🦊💙 (MetaMask) March 28, 2022
Users can now purchase cryptocurrencies using debit or credit cards, eliminating the need to send Ethereum to the app in advance.
Apple Pay users can also deposit a maximum of $400 per day into their wallet using Visa or MasterCard cards or via the Wyre API.
Credit Cards and Cryptocurrencies:
The MetaMask wallet also uses the Transak payment platform to allow users to purchase cryptocurrencies using their credit or debit cards.
Those who wish to use any of the payment platforms must complete the KYC process and procedures.
However, using MetaMask on the first tier also results in gas charges, even though the company says it doesn’t profit from it.
MetaMask also has its own fee, which represents 0.875% of the transaction.
Other updates to the MetaMask wallet are support for gas-free transactions, which is when a private blockchain network, project or protocol pays for gas on behalf of users.
On March 15, MetaMask had over 30 million monthly active users, making it one of the most popular cryptocurrency wallets.
Read:Ripple CEO: We are ready to settle with the SEC, but on one condition!
As we previously published in the Arab Bitcoin, the “MetaMask” wallet received several funding rounds, which were conducted by the “ConsenSys” company behind the development of the wallet.
On March 16, Joseph Lubin, CEO of ConsenSys, announced that MetaMask will launch its own cryptocurrency and decentralized organization, DAO.
There has been very little information about the MetaMask wallet’s cryptocurrency, but long-term MetaMask users are hoping for a free distribution similar to Uniswap.
Read also:
Microstrategy intends to buy more bitcoin after taking out a new loan
Crypto company “Bybit” obtains initial approval to conduct its business in the United Arab Emirates
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