MetaMask parent company Consensys has confirmed a partnership with payment provider Mercuryo to allow users to purchase cryptocurrency directly using their bank cards and other local payment methods.
The hassles of verifying identity on centralized exchanges have deterred many users with little crypto experience from condensing their fiat coins into cryptocurrencies for use in decentralized finance (DeFi) services.
In an effort to streamline the on-ramp process, decentralized wallet provider ConsenSys announced on February 3. 16 that it has been integrated with Mercuryo’s infrastructure to allow users to buy cryptocurrencies directly within a MetaMask wallet.
Buy crypto live with local currencies
MetaMask users can purchase up to 18 supported cryptocurrencies directly using bank cards, Apple Pay, Google Pay and various local payment methods.
For a start, MetaMask said it will support up to 20 fiat currencies, including US dollars, euros, British pounds, South Korean won, and Nigerian naira.
Lorenzo Santos, MetaMask Product Manager, said:
“Our integration with Mercuryo helps streamline the onboarding and digital asset acquisition process, including the option to buy up to €699 worth of cryptocurrency without complex identity verification.”
In a related development, MetaMask has confirmed that it has integrated with Onramp.money to allow Indian MetaMask users to buy cryptocurrencies with ease.
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