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Monday, December 23, 2024

MetaMask implements fiat payment functionality

Thanks to a new feature, MetaMask users can now buy cryptocurrencies using debit or credit cards, PayPal, and bank transfers.

  • Asย MetaMaskย announcedย in aย press release , users can now buy cryptocurrencies using various fiat payment methods.
  • The new โ€œbuy cryptoโ€ feature includes payment transactions using debit or credit cards, PayPal and bank transfer.
  • There is currently no PayPal payment option for users from Germany, Austria and Switzerland. Bank transfers also take โ€œ1 โ€“ 5 business daysโ€.
  • The cunningย walletย has launched the service for 189 countries.ย A total of 90 tokens across eight different networks (Ethereum, Polygon, Optimism, Arbitrum,ย Binanceย Smart Chain, Avalanche Contract Chain, Fantom and Celo) are available.
  • To access the feature, users must first connect their wallet to the Portfolio Dapp. When purchasing, for example, the location and national regulations are important.
  • At the end of 2022, MetaMask experienced aย privacy scandalย .ย The accusation: Among other things, transaction data should be stored for seven days.

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  3. These are the consequences of the upgrade for Ether (ETH) in 2023

FAQs

Does MetaMask accept fiat?
Yes, MetaMask users can now buy crypto with fiat directly from their wallets

How does MetaMask wallet work?
The MetaMask browser extension is a browser extension that can act as your Ethereum wallet. Unlike traditional wallets, MetaMask requires no additional plug-ins, so you’re free to use it in any browser. Once installed, you can view your Ethereum address and send or receive coins to any Ethereum address in turn.

Can I buy Bitcoin with MetaMask?
In summary, it is not possible to purchase Bitcoin directly using the Metamask wallet as it only supports Ethereum Virtual Machine (EVM) based currencies. However, it is possible to exchange Ethereum (ETH) or other ERC-20 tokens for a wrapped version of Bitcoin (BTC) known as ‘WBTC’.

Edmund Hurtt
Edmund Hurtt
Edmund is an accomplished writer whose diverse portfolio spans across various genres and subjects. With a keen eye for detail and a passion for storytelling, he effortlessly navigates through the realms of fiction, non-fiction, and journalistic pieces. As a regular contributor to City Telegraph, Edmund continues to challenge boundaries and expand horizons.

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