MetaMask Presents A Direct Crypto Purchase Feature From A Digital Wallet

JAKARTA - Metamask users in Nigeria can now buy crypto assets directly through the mobile application. Consensys and its Web3 infrastructure partner, Moonpay, announced this new feature to reduce friction and remove barriers that prevent Nigerians from embracing Web3.

Consensys, the developer of the MetaMask crypto wallet, has partnered with Moonpay to provide this new feature to Metamask users. With this feature, users in Nigeria can buy crypto assets without having to open an account on a centralized crypto exchange.

According to Consensys, the decision to allow in-person purchases was due to the high number of rejected or blocked transactions when payments were made using a credit or debit card. However, with this new feature, Metamask users in Nigeria can use instant bank transfers to buy crypto within the mobile app and decentralized apps.

Lorenzo Santos, senior product manager at Metamask, said that adding new features to the wallet is an important step in the crypto market which is facing serious challenges in on-ramp fiat-to-crypto adoption. He stated that reducing friction and removing barriers will continue to support Nigerians as they launch Web3.

Zeeshan Feroz, Chief Product & Strategy Officer of Moonpay, revealed that this integration enables Nigerians to fill their self-custody wallets through a simplified user experience.

In addition, Consensys and its Web3 infrastructure partner plan to roll out this new feature in Kenya, Botswana, and South Africa in the coming months. With this feature, it is hoped that it will help expand access to crypto assets for more people on the African continent.