MetaMask added a fiat on-ramp feature through Venmo, allowing US users to buy crypto using the payment app, according to a Nov. 27 announcement. Crypto-focused fintech Moonpay enabled the new payment method. Venmo, a PayPal subsidiary, introduce
MetaMask first launched a fiat-to-crypto feature in April 2023 and has since added support for payment options via Apple Pay, debit and credit cards, PayPal, wire transfer, and ACH bank transactions. Other MetaMask partners include Transak, Stripe, Sardine, and Banxa, among others. The company recently launched the MetaMask Card in August in partnership with Mastercard and crypto service provider Crypto Life.
The card is still in its pilot phase and is only available in Europe and the UK. The debit card allows users to spend balances in USD Coin (USDC), Tether USD (USDT), and Wrapped Ethereum (WETH) at any vendor that accepts Mastercard. Additionally, the card is supported by Apple Pay and Google Pay.
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