MetaMask Launches Sell Feature Allowing Users to Convert ETH to Fiat Currency
Summary:
Cryptocurrency wallet MetaMask has introduced a new feature allowing users to sell Ether (ETH) for fiat currency. The feature is currently limited to ETH but plans to expand to other tokens in the future. MetaMask also plans to extend the service to users in more countries. The platform has previously partnered with various crypto on-ramp providers and has faced challenges with scammers targeting its users. In other news, Bitcoin's "supercomputer" and BTC DeFi are expected to make an appearance soon.
Cryptocurrency wallet MetaMask has unveiled a new feature called "Sell" that allows users to convert their Ether (ETH) into fiat currency. With this feature, users can cash out ETH and transfer the funds to their bank accounts in select regions, including the United States, United Kingdom, and parts of Europe. MetaMask plans to expand this functionality to include "native gas tokens on layer 2 networks" in the future. This addition comes after MetaMask introduced a "buy crypto" feature five months ago, which enabled users to purchase cryptocurrencies using fiat from bank accounts, PayPal, and debit/credit cards. The platform aims to extend this service to more than 90 tokens in over 189 countries. MetaMask has also established partnerships with crypto on-ramp providers like MoonPay, Sardine, Transak, and Wyre. However, the popular crypto wallet has faced its fair share of challenges, as scammers have targeted its users through fake MetaMask websites. In a separate development, Bitcoin's "supercomputer" and BTC DeFi are anticipated to enter the scene soon.
Published At
9/5/2023 6:41:41 PM
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