MetaMask informed iPhone and Apple Pay users about some innovations via Twitter on Tuesday. The main new feature makes it possible to buy cryptocurrencies with a debit or credit card via the mobile application. As a result, Ether ( ETH ) no longer has to be transferred from a central exchange such as Coinbase to the application.
MetaMask uses two payment gateways, Wyre and Transak, to offer debit and credit card transactions. Thanks to the Wyre API, users can now use stored Visa and Mastercards with Apple Pay to buy ETH. They can deposit a maximum of $400 into their wallets daily. Gas fees to be lower According to MetaMask's Twitter posts, some transactions can even be entirely fee-free if performed on a private blockchain or if a project pays the gas fee on behalf of the user. MetaMask has stated that the company does not benefit from gas fees on ETH purchases.
For some time now, you can buy the stablecoins Tether ( USDT ), USD Coin ( USDC ) and Dai ( DAI ) on the Ethereum mainnet in MetaMask via Transak. With the latest addition, users can make transfers and use credit/debit cards to buy cryptocurrencies with over 60 global currencies. Users in the US can now also buy Fantom and Avalanche tokens, the company announced . Exactly which payment methods are available and which fees apply differs from region to region.
James Beck, director of communications and content at ConsenSys, told Cointelegraph the purpose of these updates is to improve accessibility and make things smoother. "We wanted to give users more options to convert cryptocurrencies within the app itself without having to leave it," said Beck. He also said more integrations are coming soon that will "maximize" those options and "slim" the buying of cryptocurrencies.
MetaMask also tweeted about another "major" security update related to token sending. Unlike simply transferring ETH to a recipient address, the tokens are sent to a contract address that contains instructions on how to transfer a specified amount of tokens to a recipient address. Users can now "clearly see which contract is requesting approval" and tag and save it.
MetaMask has previously warned on Twitter that users should "be careful when interacting with contracts" and approve a specific address to move those tokens. It said the token approval could lead to asset theft. The only way to protect yourself is to revoke the token approval.
In addition, MetaMask has introduced the Apple Dark Mode by popular request. Beck claimed that night mode and tokens were the most requested by users. Night mode is automatically enabled in the app if the user's iPhone operating system has night mode enabled for the entire system. The company tweeted that night mode for the MetaMask extension would be "coming soon"
Recently, MetaMask acquired the Ethereum wallet interface provider MyCrypto to combine the technologies and eventually merge with the MetaMask wallet. This merger aims to improve the security of all their products.
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