MetaMask Debuts Fiat Currency Conversion Feature for Ethereum Sales
In a strategic move aimed at enhancing the user experience, MetaMask, the leading cryptocurrency wallet, has launched a game-changing feature that allows users to effortlessly sell Ethereum (ETH) and convert it into fiat money. This noteworthy development comes approximately five months after the platform introduced a function enabling the purchase of cryptocurrencies with fiat money through various channels like bank accounts, PayPal, and debit and credit cards.
Primarily available in the United States, the United Kingdom, and specific parts of Europe, MetaMask’s fiat-to-crypto service is currently restricted to the Ethereum blockchain. However, MetaMask has indicated plans to expand this feature to include native gas tokens on layer 2 networks in its future releases.
By providing a seamless and efficient channel to convert ETH into fiat, MetaMask is positioning itself as a one-stop shop for cryptocurrency transactions. The company announced that it plans to further extend the ‘buy crypto’ service to support more than 90 different tokens and reach users in over 189 countries globally.