MetaMask users can now buy cryptocurrency using Apple Pay
MetaMask is a crypto wallet service provider which allows users to store cryptocurrencies such as Ethereum, Bitcoin, etc.
MetaMask, a popular cryptocurrency wallet provider announced Apple Pay integration to its app and website. While Apple doesn’t directly support crypto payment directly, MetaMask users will be redirected to Wyre, a cryptoexchange that facilitates buying and selling of cryptocurrency, users will now have the option to make the payment via credit or debit card through Apple Pay.
Apple Pay users can deposit a daily maximum of $400 into their wallet using their Visa or Mastercards and the Wyre API.
For the uninitiated, MetaMask is a crypto wallet service provider which allows users to store cryptocurrencies such as Ethereum, Bitcoin, etc and even NFTs. It allows users to connect to more than 3,700 different decentralized applications and Web 3 services.
The crypto company announced the new slew of updates on Twitter. To add any cryptocurrency, MetaMask charges gas fee as well as its own transaction fees which is 0.875 per cent of the transaction. As per MetaMask, it does not earn anything from the gas fee but only earns from the transaction fee it charges.
It should be noted that to use either Apple Pay platforms must complete KYC (know-your-customer) process. The company has also added support for private blockchains. “Some networks allow for gasless transactions (e.g. private blockchains, or when a project/protocol pays for the gas on your behalf),” the company said on Twitter adding that it now supports these types of transactions.