MetaMask launches direct fiat-to-crypto on-ramp service
in Metamask launch A new feature that allows users to purchase cryptocurrencies with fiat directly from their wallets.
Cryptocurrency purchase functionality is part of the Portfolio Dapp, allowing users to connect their MetaMask wallets to purchase nearly 90 cryptocurrencies using local payment methods.
According to MetaMask, the service is operating and supported in 189 countries. However, there are limits on the amounts that you may purchase through the Service based on applicable local laws. This functionality is also exposed in the browser app.
The feature currently supports eight networks: Ethereum, Polygon, Optimism, Arbitrum, Binance Smart Chain, Avalanche Contract Chain, Phantom, and Cero.
Currently, fiat payment methods include debit and credit cards, bank transfers, PayPal, and instant ACH, with more options coming soon.
MetaMask wants to provide users with the best quotes for buying cryptocurrencies, and says the service will offer users multiple options through various providers.
Users can choose the payment method and price at which they want to buy cryptocurrencies.
An article about MetaMask launching a direct fiat-to-crypto onramp service first appeared on CryptoSlate.