MetaMask is expanding the choices for purchasing cryptocurrency by integrating its mobile wallet with payment gateways, starting with iPhone users. This guide will tell you how to use MetaMask on an iPhone easily.
To handle debit card and credit card transactions, MetaMask makes use of two payment gateways: Wyre and Transak. Thanks to the Wyre API, users may now buy ETH and deposit up to $400 per day into their wallets using their stored Visa and Mastercards in Apple Pay. According to MetaMask's tweets, gas costs are lower, and some transactions may even be gasless if they take place on a private blockchain or if a project pays for the gas on the user's behalf. MetaMask makes it clear when making an ETH purchase that it does not make money from gas fees.
The stablecoins Tether (USDT), USD Coin (USDC), and Dai (DAI) can all be purchased through Transak on the Ethereum mainnet under MetaMask. The most recent upgrade enables users to purchase cryptocurrency using more than 60 different global currencies through bank transfers and credit/debit cards. The business claims that American customers can now purchase native tokens for Fantom and Avalanche. Depending on the location, several fees and payment options are available.
According to ConsenSys' James Beck, head of communications and content, the upgrades' main goals are to make the system more accessible and to make it less complicated. We wanted to make it so users could convert cryptocurrency without having to leave the app, he said. He also disclosed that other integrations that "maximize" options and "streamline" cryptocurrency purchasing are on the way.
Another "critical" security upgrade for sending tokens was mentioned in a tweet by MetaMask. Tokens are delivered to a contract address with instructions on how to transmit a certain amount of tokens to a recipient address, as opposed to sending ETH simply to a recipient address. Now, users can mark and save the contract that is requesting permission and "clearly understand which contract is requesting" it.
Users of MetaMask were cautioned in an earlier Twitter thread "to be careful while interacting with contracts" and approving a specific address to transfer those tokens. They argued that revoking token allocations was the best way to stay safe because the token approval process may lead to assets being stolen.
As a result of widespread demand, MetaMask has also added the Apple Dark Mode feature. According to Beck, "wen dark mode?" The most anticipated requests from their consumers were and "wen token." If dark mode is enabled throughout an iPhone user's operating system, dark mode will immediately activate in the app. The business tweeted that the MetaMask Extension's dark mode "is coming shortly."
In order to consolidate technology and potentially merge MyCrypto with the MetaMask wallet to increase the security of all their products, MetaMask recently acquired the Ethereum wallet interface provider MyCrypto.
