MetaMask, a popular cryptocurrency wallet provider, has announced the integration of Apple Pay into its app and website. While Apple does not directly support cryptocurrency payments, MetaMask users will be redirected to Wyre, a crypto exchange that facilitates the buying and selling of cryptocurrency. Users will now have the option to make the payment via credit or debit card via Apple Pay.
Utilizing their Visa or Mastercards as well as the Wyre API, Apple Pay users can deposit a daily maximum of $400 into their wallet.
For the uninitiated, MetaMask is a cryptocurrency wallet service provider that allows users to store cryptocurrencies like Ethereum, Bitcoin, and others, as well as NFTs. It connects users to over 3,700 different decentralized applications and Web 3 services.
The cryptocurrency company announced the new updates on Twitter. MetaMask charges a gas fee as well as its transaction fees, which are 0.875 percent of the transaction amount, to add any cryptocurrency. According to MetaMask, it earns nothing from the gas fee but only from the transaction fee it charges.
It should be noted that for using either Apple Pay platform, the KYC (know-your-customer) process must be completed. Support for private blockchains has also been added by the company. Some networks allow for gasless transactions (For instance, private blockchains, or when a project/protocol pays for the gas on your behalf), the company said on Twitter, adding that it now supports such transactions.
According to a press release, MetaMask surpassed 30 million monthly active users in March, making it one of the most popular cryptocurrency wallets available today.
In other news, MetaMask announced that it is banning all accounts based in US-sanctioned countries. This development comes after the United States and its allies-imposed sanctions on Russia in response to Moscow’s invasion of Ukraine. ConsenSys, MetaMask’s parent company, stated that it abides by US sanctions against “Iran, North Korea, Cuba, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine.”
