As we know, MetaMask is a crypto wallet service provider which allows users to store cryptocurrencies such as Ethereum, Bitcoin, altcoins and even NFTs. It allows users to connect to more than 3,700 different decentralized applications and Web 3 services. Most importantly, it allows users to access their Ethereum wallets through a browser extension or mobile app, which can then be used to interact with various decentralized applications. MetaMask is developed by ConsenSys Software Inc., a blockchain software company focusing on Ethereum-based tools and infrastructure.

Back in March, MetaMask proudly reported that it surpassed 30 million monthly active users (MAU), making it one of the most popular crypto wallets available today – especially, after Jaxx Liberty apparently discontinued its partnership with Changelly. The crypto company also announced the new slew of its guidance updates on Twitter. In order for a customer to add any cryptocurrency, MetaMask charges gas fee as well as its own transaction fees which is 0.875% of the transaction. As per MetaMask, it does not earn anything from the gas fee but only earns from the transaction fee it charges.

MetaMask recently made a surprise announcement about its integration with Apple Pay to its app and website. While Apple doesn’t directly support crypto payment directly, MetaMask users will be redirected to Wyre, a cryptoexchange that facilitates buying and selling of cryptocurrency, users will now have the option to make the payment via credit or debit card through Apple Pay.

MetaMask uses two payment gateways Wyre and Transak to support debit card and credit card transactions. Users can now use their Visas and Mastercards stored in Apple Pay to buy ETH and deposit a daily maximum of $400 into their wallets, thanks to the Wyre API. Gas fees are reportedly lower, and, according to MetaMask‘s tweets, some transactions may even be gasless if done on a private blockchain or if a project pays for the gas on the user‘s behalf. When completing an ETH purchase, MetaMask discloses that it does not profit from gas fess.

Via Transak, it‘s possible to buy the stablecoins Tether (USDT), USD Coin (USDC) and Dai (DAI) on the Ethereum mainnet in MetaMask for some time now. The latest update allows users to make bank transfers and use credit/debit cards to buy crypto using over 60 global currencies. United States users can also buy Fantom and Avalanche native tokens now, according to the company. Exact payment methods and fees vary depending on the location.

Source: Businessinsider

Apple’s payment solutions introduced last year could help the tech giant increase volume.

In 2022, Apple has big plans for the development of other innovative features, such as enabling Wallet support for state IDs and driver’s licenses. Apple brought its mobile wallet to nine new markets in 2021 – including Colombia, Israel, and Mexico – bringing its global footprint to nearly 60 countries and regions. The Apple Wallet also supports transit systems in more than 200 cities. (It debuted in two Chinese cities in late 2021.)

Apple is also reportedly considering a buy now, pay later (BNPL) program that would be tied to the Apple Wallet. These potential offerings could help solidify Apple’s leadership standing in the mobile payments space: The number of Apple Pay users in the U.S. is expected to hit 47.2 million this year. Needless to say, that the widely accepted and loved Apple Pay will benefit from adding crypto to its list of services, and vise versa.