MetaMask has launched a new feature that allows users to purchase cryptocurrencies with fiat directly from their wallets.
This new Buy Crypto feature is part of the Portfolio Dapp, and users can now connect their MetaMask wallet and use local payment methods to buy almost 90 cryptocurrencies.
According to MetaMask, the service is now live and supported in 189 countries, although there is a limit on the amount that users can buy through the service based on the applicable laws of their region. The feature is also live on the browser app.
The new feature currently supports eight networks, including Ethereum, Polygon, Optimism, Arbitrum, Binance Smart Chain, Avalanche Contract Chain, Fantom, and Celo. For now, fiat payment methods include debit and credit cards, bank transfers, PayPal, and Instant ACH, with more options to be added in the near future.
MetaMask said it aims to offer users the best quote for purchasing cryptocurrencies, and the service will provide multiple options to users via different providers. Users can choose the payment method and the price at which they want to buy the cryptocurrency.
This new feature is expected to simplify the process of buying cryptocurrencies for both novice and experienced users, making it more convenient and accessible. MetaMask’s efforts to provide users with a user-friendly interface and a streamlined process for buying cryptocurrencies could potentially attract more users to the platform.
