MetaMask launches direct fiat-to-crypto on-ramp service MetaMask launches direct fiat-to-crypto on-ramp service
The Buy Crypto feature is part of the Portfolio Dapp and users can now use local payment methods to buy roughly 90 cryptocurrencies by connecting their MetaMask wallet.
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Updated: Apr. 10, 2023 at 10:21 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
MetaMask has launched a new feature to allow users to buy crypto with fiat directly from their wallets.
The Buy Crypto feature is part of the Portfolio Dapp and users can now use local payment methods to buy roughly 90 cryptocurrencies by connecting their MetaMask wallet.
MetaMask said the service is live and supported in 189 countries. However, there is a limit on the amount users can buy through the service based on the applicable laws of their region. The feature is also live on its browser app.
The feature currently supports eight networks — namely Ethereum, Polygon, Optimism, Arbitrum, Binance Smart Chain, Avalanche Contract Chain, Fantom, and Celo.
Fiat payment methods include debit and credit cards, bank transfers, PayPal and Instant ACH for now, with more options to be added soon.
MetaMask said it wants to give users the best quote for purchasing cryptocurrencies and the service will offer multiple options to users via different providers.
Users can choose the payment method and the price at which they want to buy the cryptocurrency.
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Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.
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Polygon, a prominent layer 2 scaling solution on Ethereum, has emerged as a multifaceted and scalable platform, enhancing the Ethereum ecosystem’s capabilities.
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Celo
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Consensys
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