MetaMask will allow iPhone users to purchase crypto with Apple Pay as the wallet expended into the Apple ecosystem by launching the integration with the company’s payments platform so let’s read more in today’s latest cryptocurrency news.
MetaMask announced plenty of new updates to its mobile version 4.3.1 and the most significant one was the Apple Pay integration. The thing is that Apple doesn’t directly support crypto payments on its own platform is it has to be done via Wyre supports crypto and it is integrated with Apple Pay. Users can buy crypto with debit or credit cards and eliminate the need to send ETH to the app so the apple Pay users can deposit a maximum of $500 into their wallet using their Visa or Mastercards.
📣 MetaMask Mobile v4.3.1 is LIVE with some exciting updates:
Buy crypto on iOS with Apple Pay (@sendwyre), more transparency when interacting with sites, & support for gasless transactions where relevant.
Does it get any better? Yes it does! We now have dark mode! 🌑
— MetaMask 🦊💙 (@MetaMask) March 28, 2022
MetaMask will allow iPhone users to buy crypto and it uses the Transak payments platform to allow the users to buy crypto with their credit or debit cards but those that wish to use the payments platform have to complete the KYC process. Using MetaMask on layer-1 doesn’t incur gas fees but the company said it doesn’t profit from them. Those that want to use either payments platform have to complete KYC processes.
Using MetaMask on layer-1 doesn’t incur gas fees but the company said it doesn’t profit from them and MetaMask has its own fees which are 0.875% of the transaction. One of the updates was support for gasless transactions which is when the privacy blockchains or protocols pay for the gas on the users’ behalf. The reports show that MetaMask surpassed 30 milion monthly active users and made it one of the most popular crypto wallets available. The news revealed a $450 million fundraising round for Consensys, the ETH solutions company behind the wallet.
The ConsenSys CEO Joseph Lubin announced that MetaMask will launch its own token and a DAO and there’s little info on the token but the long-term MetaMask users are hoping for an airdrop similar to Uniswaps. Being one of the top wallets for crypto trading is making MetaMask the perfect target for hackers and scammers. The ESET cyber security firm revealed a scheme to distribute fake wallet wapps to Android and Apple Mobile devices.
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The research shows that the scheme was going on for a year and fake wallet apps for Coinbase, Jaxx, Trust Wallet were disseminated on social media groups to target Chinese users. A few of them made it onto Google Pay but the tech giant removed them recently.
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