MetaMask, owned by ConsenSys, posted a series of updates to iPhone and Apple Pay users on Tuesday. The main feature is the ability to buy cryptocurrency with a debit or credit card through the mobile app, eliminating the need to transfer ether (ETH) from a central exchange like Coinbase to the app.

MetaMask uses two payment gateways, Wyre and Transak, to support debit and credit card transactions. Users can now use Visa and Mastercard stored in Apple Pay to buy ETH and deposit up to $400 per day into their wallet thanks to the Wyre API. Gas fees are said to be lower, and according to MetaMask tweets, some transactions may be gas-free if they are done on a private blockchain or if the project pays for gas on behalf of the user. After completing the purchase of ETH, MetaMask reports that they do not profit from gas taxes.

It has been possible to buy Tether (USDT), USD Coin (USDC), and Dai (DAI) stacked coins on the Ethereum mainnet in MetaMask through Transak for some time now. The latest update allows users to make bank transfers and use credit/debit cards to purchase cryptocurrencies in over 60 global currencies. U.S. users can also purchase original Phantom and Avalanche tokens, according to the company. Payment methods and exact fees vary from place to place.

James Beck, director of communications and content at ConsenSys, told Cointelegraph that the goal of the updates is to increase accessibility and reduce friction. “We wanted to expand on the way users could toggle encryption within the app itself and not exit,” he said. He also revealed that more integrations are coming soon that will “maximize” the possibilities and “make it easier” to buy cryptocurrencies.

MetaMask tweeted about another “important” security update when it comes to sending tokens. As opposed to simply sending ETH to a recipient address, tokens are sent to a contract address with instructions, including how to send a specified number of tokens to the recipient address. Users can now “clearly see which contract is requesting” permission, name that contract, and save it.

An earlier Twitter thread warned MetaMask users to “be careful when dealing with contracts” and accept a specific address to transfer these tokens. They argued that the token authentication procedure could lead to the theft of assets and that the only way to protect yourself was to cancel the allocation of tokens.

In addition, by popular demand, MetaMask introduced the Apple Dark Mode feature. Beck argued that “dark mode?” And “ven-token” was the most anticipated user request. Dark mode is automatically enabled in the app if the user’s iPhone OS activates system-wide dark mode. The company tweeted that the MetaMask extension’s dark mode is “coming soon.”

Source: CoinTelegraph

LEAVE A REPLY