A popular cryptocurrency wallet provider, MetaMask announced collaboration with Apple Pay to its app and website. Now, there is an option to make the payment via credit or debit card through Apple Pay. MetaMask users will be redirected to Wyre, a cryptoexchange that facilitates buying and selling of cryptocurrency, while Apple doesn’t directly support crypto payment. Apple Pay users can deposit up to $400 daily into their wallet using their Visa or Mastercards and the Wyre API.
For the uninitiated, MetaMask is a crypto wallet service provider which lets users store cryptocurrencies such as Bitcoin, Ethereum, etc and even NFTs. Users will be allowed to connect to Web 3 services and more than 3,700 different decentralized applications.
As announced on Twitter, MetaMask charges gas fee as well as its own transaction fees which is 0.875 per cent of the transaction. MetaMask said, only earns from the transaction fee it charges and not from gas fee.
One should complete the KYC (know-your-customer) process to use either Apple Pay platforms. There is also support for private blockchains. “Some networks allow for gasless transactions (e.g. private blockchains, or when a project/protocol pays for the gas on your behalf),” the company said on Twitter adding that it now supports these types of transactions.
MetaMask said that it surpassed 30 million monthly active users in March, which makes it one of the most popular crypto wallets available today, according to a press release. On the other hand, MetaMask announced that it is banning all other accounts based in the sanctioned countries by the US government. As a result from Moscow’s invasion of Ukraine, US and its allies imposed sanctions on Russia. MetaMask’s parent company, ConsenSys said that it observes US.sanctions on “Iran, North Korea, Cuba, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine.”