MetaMask, a well-known bitcoin wallet provider, has announced the integration of Apple Pay into its app and website. While Apple does not directly allow cryptocurrency payments, MetaMask users will be referred to Wyre, a cryptocurrency exchange that facilitates the buying and selling of bitcoin. Users will now be able to pay with a credit or debit card using Apple Pay.
Users of Apple Pay can deposit a maximum of $400 per day into their wallets using their Visa or Mastercard and the Wyre API.
For the uninitiated, MetaMask is a cryptocurrency wallet service provider that enables users to securely store cryptocurrencies such as Ethereum, Bitcoin, and others, as well as non-fungible tokens (NFTs). It enables users to access over 3,700 decentralized applications and Web 3 services.
On Twitter, the cryptocurrency business revealed the next round of changes. MetaMask charges a gas price in addition to its own transaction fee of 0.875 percent of the transaction to add any cryptocurrency. According to MetaMask, it receives no revenue from the gas fee but does so from the transaction fee it charges.
It should be emphasized that in order to use either Apple Pay platform, a KYC (know-your-customer) process must be completed. Additionally, the company now supports private blockchains. “Some networks provide gasless transactions (for example, private blockchains or when a project/protocol pays for the gas on your behalf),” the business announced on Twitter, adding that it now accepts these types of transactions.
MetaMask said in a press release that it topped 30 million monthly active users in March, making it one of the most popular cryptocurrency wallets accessible today.
Additionally, MetaMask announced that it is blocking all accounts based in countries sanctioned by the US government. This event occurs in the wake of the United States and its allies imposing sanctions on Russia in response to Moscow’s invasion of Ukraine. ConsenSys, MetaMask’s parent firm, stated that it adheres to US sanctions against “Iran, North Korea, Cuba, Syria, and Ukraine’s Crimea, Donetsk, and Luhansk areas.”
Source: The Indian Express