Metamask integrates with Apple Pay to facilitate cryptocurrency purchases for iPhone users

Users of Apple Pay can now leverage money that a trader borrows from a brokerage, enabling them to gain far greater exposure to a position than what their capital allows. their associated debit and credit cards to buy ETH up to $400 USD per day.

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The popular cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. wallet a place where cryptocurrency users can store, send and receive digital assets. MetaMask an online digital wallet that allows users to manage, transfer and receive Ethereum, operating as an extension to a regular browser. has been updated to make it easier for iPhone users to purchase tokens.

MetaMask announced a series of updates for its mobile version 4.3.1 on Tuesday via its official Twitter account. The most prominent new feature for the wallet turns out to be the integration with Apple Pay the payment application of Apple .

???? MetaMask Mobile v4.3.1 is LIVE with some exciting updates:

Buy crypto on iOS with Apple Pay ( @sendwyre ), more transparency when interacting with sites, & support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for gasless transactions where relevant.

Does it get any better? Yes it does! We now have dark mode! ????

1/????

– MetaMask ???????? (@MetaMask) March 28, 2022

As reported by Cointelegraph The integration will allow iPhone device users to purchase digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies with a debit or credit card directly from the mobile app. The capability will make cryptocurrency trading simpler for Apple users, as it eliminates the need to transfer coins likeEther the form of payment used in the operation of the distribution application platform, Ethereum. (ETH) from centralized a centralized organizational structure is one in which a single node or a small number of them are in control of an entire network. exchanges to the app.

Buy cryptocurrencies from Apple Pay

While Apple does not directly support payments with digital assets from its platform, two payment gateways solve this problem. MetaMask said it connects withWyre y Transak to support debit and credit card transactions. These gateways are in turn integrated with Apple Pay .

As a result, the users of Apple Pay can now take advantage of your cards Visa y Mastercard associated in the application to buy ETH . They will be able to deposit a daily maximum of USD $400 in their wallets. According to the media, Transak allows you to buy stablecoins como Tether ( USDT ), USD Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. ( USDC ) y Dai ( DAI ) en la red principal de Ethereum a decentralized open-source blockchain with smart contracts functionality. en MetaMask .

The most recent update also allows users to make bank transfers and use credit/debit cards to purchase cryptocurrencies using over 60 global currencies. They will also be able to buy native tokens from Fantom y Avalanche . Although, it should be noted that in order to purchase through Apple Pay KYC ‘Know Your Client’. A procedure when a trading platform or exchange would require you to confirm your identity in order for you to use them. (know your customer) identification process must be completed.

Also among the new capabilities announced is support for non-carbonated transactions (commission or fee on the network). Ethereum ). This is possible when the transaction is done via a private blockchain, or when a project or protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. pays for the gas a term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price. on behalf of the user.

In discussions with Cointelegraph, James Beck director of communications and content for ConsenSys consenSys is a blockchain technology company that offers developer tools alongside enterprise solutions. (owner of MetaMask ) noted that the purpose of the updates is to increase accessibility and reduce friction. He also revealed that more integrations will soon be announced that will “ maximize “options and “ optimize “the purchase of cryptocurrencies.

We wanted to expand the way users can convert cryptocurrencies within the app itself without leaving the app.

The growth of MetaMask

The news comes in the midst of remarkable growth for MetaMask . Last March 15th, ConsenSys announced that the wallet has surpassed 30 million monthly active users, making it one of the most popular cryptocurrency wallets available today. Just seven months ago MetaMask exceeded ten million of customers.

El anuncio sobre el hito de usuarios se hizo tras el cierre de una financing round of USD $450 million that raised the valuation of ConsenSys to $7 billion . The company now has big plans for its flagship wallet, including redesigning it and hiring a bigger team. MetaMask has also advanced plans to launch its own token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. and create a DAO.

The success of the application has attracted to malicious actors an issue about which the company has warned. In response to the vulnerabilities that users may face when connecting their wallet with crypto projects, MetaMask said it has updated the app to allow “ see clearly “Smart contracts that are requesting permission. The feature also allows you to tag and save that contract.