MetaMask launches new fiat purchase function for cryptocurrency

cointelegraph.com:

Cryptocurrency wallet and decentralized application (Dapp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio Dapp. The move is intended to provide users with an easier way to purchase crypto with fiat currency.

We foxes at MetaMask are excited to announce that our Buy Crypto feature now also resides in our Portfolio Dapp, providing a simple and smooth purchasing journeyhttps://t.co/sEcCnQhbRB pic.twitter.com/UvaG2wMSpy

The new "Buy Crypto" feature enables MetaMask users to purchase a wide range of cryptocurrencies using various payment methods, including debit or credit cards, PayPal, bank transfers, and instant ACH (Automated Clearing House). The service will be rolled out to users in over 189 countries and will offer more than 90 tokens across eight different networks, including Ethereum, Polygon, Arbitrum, Binance Smart Chain, Avalanche Contract Chain, Fantom, Optimism, and Celo.

To access the feature, MetaMask users can connect their wallets to the Portfolio Dapp or click on the "Buy" button in the MetaMask extension wallet. From there, users can select their region, payment method, and the token and network they want to purchase on.

The feature also takes into account a variety of factors, such as the user's location and local regulations, to provide a customized quote for each purchase. Once the user has selected a quote, they will be redirected to a third-party provider's website to complete the transaction. The funds will then be deposited directly into the user's MetaMask wallet.

Related: Scam alert: MetaMask warns users of deceptive March 31 airdrop rumors

Over the years, MetaMask has partnered with several