MetaMask Releases New Update, IOS Users Can Buy Crypto Using Apple Pay

MetaMask released an update that allows iPhone and Apple Pay users to buy crypto using a credit card via a smartphone app. (MetaMask)

JAKARTA – MetaMask released an update that allows iPhone and Apple Pay users to buy crypto using a credit card through a smartphone application. This latest update was announced by MetaMask via its official Twitter social media on Monday, March 29.

The main feature of this update is the ability to buy cryptocurrencies using a debit or credit card via the mobile app. As such, this update will eliminate the need to transfer Ethereum from a centralized exchange like Coinbase into the app.

MetaMask uses two payment gateways, namely Wyre and Transak, to support transactions using credit or debit cards. Users of the digital wallet can now use Visa and Mastercard linked to Apple Pay to buy Ethereum. The maximum deposit per day is 400 US dollars or IDR 5.7 million into their wallet.

According to Cointelegraph, the gas fees charged are reportedly lower, and according to a MetaMask tweet, some transactions may even be gas-free if done on a private blockchain or if a project pays the gas fee on behalf of the user. When completing the purchase of ETH, MetaMask revealed that it does not profit from gas fees.

Stablecoin purchases can be made on the Ethereum Network

With Transak, purchases of USDT, USDC and DAI stablecoins will be possible on the Ethereum network on MetaMask for some time to come. The latest update itself allows users to make bank transfers and use credit or debit cards to buy crypto using more than 60 world currencies. In addition, users in the United States (US) can now also purchase Fantom and Avalanche native tokens now.

James Beck, director of ConsenSys, the developer of MetaMask, said the goal of the update was to improve accessibility and reduce interview friction. The man also said that there would be more integrations that “maximize” options and “streamline” crypto buying coming soon.

"We want to expand the way in which users can convert crypto within the app itself and not have to leave it," he said.

Apart from that, MetaMask also tweeted about another “important” security update in terms of token delivery. Users can now “clearly see which contract is requesting” permissions and label and save those contracts.

Another update that MetaMask releases is introducing Apple's Dark Mode as per user requests. Beck claims that dark mode and “wen token” have been the most awaited requests of its users. Dark mode itself can be activated automatically when the iPhone Operating System application. To note, wen token or World Exchange Network (“WEN”) is a blockchain ecosystem token issued by the WEN Foundation tapping the Wienchain Incubation DAO Blockchain.