MetaMask mobile wallet features integration with Apple Pay to simplify the purchase of cryptocurrencies.
MetaMask, owned by ConsenSys, has announced a series of updates for Apple Pay users. One of the main improvements is the ability to purchase cryptocurrencies through the app using a debit or credit card. There is no longer a need to buy ETH on a centralized exchange to transfer it to the MetaMask wallet.
With the Wyre API, MasterCard and Visa holders linked to Apple Pay can buy ETH with a limit of up to $400 per day. The gas fee will be lower than when buying or sending a token through a centralized exchange, and some transactions may be absolutely free.
Another MetaMask payment integration, Transak, already allows users to purchase USDT, USDC and DAI on the Ethereum network. The updates will also open up the possibility of buying and selling tokens in pairs with more than 60 fiat currencies.
Moreover, MetaMask representatives informed about additional security measures concerning token transactions. Now when a token is first sent to a new address, a 0 ETH transaction is generated, in return for which confirmation is received with details of the recipient’s address and a certain limit for sending tokens, which could be from 1 to infinity.