Metamask introduces a new Fiat purchase function for cryptocurrency

According to Metamask, the step is to make it easier for users to buy crypto with Fiat currency.

The new "Buy crypto" function enables its users to buy numerous cryptocurrencies with various payment methods, including debit or credit cards, PayPal, bank transfers and immediate oh (automated clearing house).

The wallet provider announced that the service will be available in 189 countries and will offer more than 90 tokens in eight networks, including Fantom, Celo, Ethereum, Arbitrum, Bnbchain, Polygon, Optimism and Avalanche.

Metamask users would have to connect their wallets to the portfolio dapp to click the "Buy" button in the Metamask expansion wallet to access this function. In this way, users can choose your region, payment option, the token and the network in which you want to buy.

The new function of Metamask works with the location

According to Metamask, the new function takes into account various factors, such as the location of the user and local regulations, in order to create an individual payment offer.

Users are then redirected to the website of a third-party provider in order to complete the transaction, and the money is then paid directly into the user's metamask letter bag.

Metamask works with companies to facilitate users to buy cryptocurrencies. Last month, Metamask, a partnership with MoonPay has been received to enable direct crypto purchases in Nigeria.

Also in March Metamask institutional went a partnership with all nodes, blockdaemon and kiln to a start a staking service for institutional investors. Companies and institutional investors can access a wide range of staking services offered by Consensys Staking Allnodes, Blockdaemon and Kiln.