MetaMask and Mercuryo Partner to Enable Crypto Purchases with Bank Cards
MetaMask users can now purchase cryptocurrencies using bank cards, Apply Pay, Google Pay, and different local payment methods.
The complex process of verifying identity on centralized exchanges has dissuaded numerous users with limited experience in the world of crypto from converting their fiat currency into digital assets to be utilized in decentralized finance (DeFi) services.
As part of an initiative to simplify the on-ramp process, ConsenSys, a decentralized wallet provider, has partnered with Mercuryo's infrastructure to enable users to buy digital assets directly through the MetaMask wallet, according to an announcement made on February 16th.
MetaMask users can now purchase as many as 18 different cryptocurrencies directly through the platform including Bank cards, Apple Pay, Google Pay, and different local payment method.
According to MetaMask, it would support up to 20 fiat currencies including the US dollar, Euro, British Pound, South Korean won, and Nigerian Naira.
Lorenzo Santos a MetaMask Product Manager said:
"Our integration with Mercuryo helps streamline onboarding and the process of aquiring digital assets including the option to purchase up to €699 in crypto without complex identify verification."
MetaMask has recently collaborated with Onramp.money to facilitate the purchase of digital assets for Indian MetaMask users, according to a related update.