Categories: Blockchain

Bitcoin Is Coming to Ethereum Digital Wallet MetaMask

MetaMask is a giant in the Ethereum (ETH) ecosystem, the most-used wallet on that blockchain. It’s poised to cross one of the biggest tribal divides in cryptocurrencies, with plans to add support for Bitcoin (BTC), according to two people with direct knowledge of the matter.

The exact timeline is unclear, but one person said access could arrive in MetaMask within the next month. Another person said the exact Bitcoin functionality is not yet set in stone, but features could initially be limited and expanded over time.

MetaMask’s Ethereum wallet is the gateway for more than 30 million monthly active users into the Web3 world of decentralized applications and non-fungible tokens, or NFTs. When Ethereum debuted almost a decade ago, it expanded the capabilities of what a blockchain could do beyond what Bitcoin pioneered, adding support for smart contracts – essentially software built atop that blockchain.

MetaMask helps users navigate such a smart contract-based environment. Since early last year, similar functionality has been added to Bitcoin, including NFT-like Ordinals and Runes, which enabled the creation of meme coins on Bitcoin. Whether MetaMask support will help users traverse these Bitcoin enhancements is unclear.

MetaMask is built by Consensys, an Ethereum-centric research and development firm helmed by Ethereum co-founder Joe Lubin. Asked to comment on the development plans, a MetaMask spokesman said via email: “We’re excited about MetaMask’s commitment to embracing the multi-chain world of web3 and continually exploring new integrated features to enhance the usability and security of the leading self-custodial wallet. While we can’t confirm any timeline for specific developments at this time, we’re always working on innovations to serve our users better. Stay tuned for further updates when we’re ready to share more.”

While MetaMask does not currently facilitate Bitcoin directly, it uses an Ethereum-compatible ERC-20 token known as Wrapped Bitcoin (WBTC) to bridge bitcoin to Ethereum’s decentralized apps.

Terron Gold

Recent Posts

CME Goes 24/7 and Bitcoin’s Famous “CME Gap” Trade Is About to Disappear

The crypto market is entering the end of an era as CME Group officially launches 24/7 Bitcoin and…

6 days ago

VanEck Launches First U.S. Spot BNB ETF as Altcoin ETF Race Accelerates

Asset management giant VanEck has officially launched the first-ever U.S. spot ETF tied directly to BNB, the native…

6 days ago

Sui Suffers Another Major Network Outage as Transactions Grind to a Halt

Layer-1 blockchain Sui experienced another major network outage on May 28 after block production and transaction processing…

7 days ago

DTCC Expands Tokenization Push to Stellar as Wall Street Accelerates Multi-Chain Strategy

The Depository Trust & Clearing Corporation (DTCC) has announced plans to connect its tokenization infrastructure to the Stellar blockchain,…

7 days ago

Robinhood Launches AI Trading Agents That Can Trade Stocks for You

Robinhood is officially entering the “agentic AI” era after unveiling a new beta feature that…

1 week ago

Fold Launches Bitcoin Rewards Credit Card With Up to 4% BTC Back

Bitcoin financial services company Fold has officially begun rolling out its long-awaited Bitcoin rewards credit card, allowing…

1 week ago