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This is going to be huge for adoption in the space forsure! ๐ค๐พ
MetaMask uses two payment gateways Wyre and Transak to support debit card and credit card transactions. Users can now use their Visas and Mastercards stored in Apple Pay to buy ETH and deposit a daily maximum of $400 into their wallets, thanks to the Wyre API. Gas fees are reportedly lower, and according to MetaMaskโs tweets, some transactions may even be gasless if done on a private blockchain or if a project pays for the gas on the userโs behalf. When completing an ETH purchase, MetaMask discloses that it does not profit from gas fess.
Via Transak, itโs possible to buy the stablecoins Tether (USDT), USD Coin (USDC) and Dai (DAI) on the Ethereum mainnet in MetaMask for some time now. The latest update allows users to make bank transfers and use credit/debit cards to buy crypto using over 60 global currencies. United States users can also buy Fantom and Avalanche native tokens now, according to the company. Exact payment methods and fees vary depending on the location.
