MetaMask Supports Buying Crypto With Apple Pay

MetaMask v4.3.1 update adds support for cryptocurrency purchases on iOS with Apple Pay, leading to rumors that Apple will adopt Bitcoin.

MetaMask is a popular crypto wallet also commonly used to store NFTs.

Previously, users had to send Ethereum (ETH) or other cryptos to their MetaMask wallet that they purchased from a crypto exchange.

MetaMask announces crypto purchases

The official @MetaMask The Twitter account made the announcement this week:

Version 4.3.1 of MetaMask Mobile is LIVE with some exciting updates:

Buy crypto on iOS with Apple Pay @sendwyre), more transparency when interacting with sites and support for gasless transactions where available. Buying crypto on iOS just got a whole lot easier!

In addition to debit card support, MetaMask Mobile now offers Visa and MasterCard (Apple Pay) credit cards. As always, remember to NEVER share your recovery passphrase with ANYONE. MetaMask will never ask for it for ANYTHING, EVER.

There are always third-party payment processors involved – Wyre and Transak – which are cryptocurrency-enabled payment gateways.

This, however, makes it easier for potential new investors to buy cryptocurrency securely on their smartphone – signing up for a crypto exchange can be a confusing process for beginners.

Director of ConsenSys – which developed MetaMask – James Beck said the upgrade aims to expand the ways users can buy and convert crypto within the app itself without having to leave it.

Apple buys Bitcoin?

Also this week, Visa announced the launch of its own NFT creation program to position itself at the center of innovation in non-fungible tokens. Could Apple be preparing to do the same with cryptos?

Rumors of some crypto-related Apple partnership or Apple buying Bitcoin are among internet memes. In the boom days of crypto, anything that hinted at this could drive up the price of Bitcoin. Was Apple buying BTC when it broke through the $45,000 resistance on Monday?

Apple (AAPL) has a market cap of $2.85 trillion, which is 35% larger than the total crypto market cap.

If they are indeed going to integrate crypto purchases directly into Apple Pay, it could lead to them becoming the largest crypto exchange in the world, and they would have to buy Bitcoin as reserves in order to provide liquidity. .

Popular Youtuber CryptosRU predicts that an Apple partnership with Strike – a mobile payment app with blockchain support – could be announced in Miami Bitcoin 2022 conference. This runs from April 6-9.

To note – many online scammers imitate MetaMask app support, Coinbase or crypto projects, attempting to DM you, asking you to fill out a contact form with your seed phrase or connect your wallet to a site for a fake airdrop. Don’t get scammed.

Crypto-assets are a highly volatile unregulated investment product.

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MetaMask Supports Buying Crypto With Apple Pay

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