MetaMask’s parent company, Consensys, has confirmed a partnership with payment provider Mercuryo to allow users to purchase crypto directly using their bank cards and other local payment methods.
The hassle of identity verification on centralized exchanges has deterred many users with little crypto experience from switching from fiat to crypto for use in decentralized finance (DeFi) services.
In a bid to streamline the getting started process, decentralized wallet provider ConsenSys announcement on February 16 that it integrated with Mercuryo’s infrastructure to allow users to buy crypto directly into the MetaMask wallet.
Direct purchase of crypto in local currencies
MetaMask users can directly purchase up to 18 supported cryptocurrencies using credit cards, Apple Pay, Google Pay, and various local payment methods.
For starters, MetaMask said it will support up to 20 fiat currencies, including US Dollar, Euro, British Pound, South Korean Won, and Nigerian Naira.
Lorenzo Santos, MetaMask Product Manager, said:
“Our integration with Mercuryo streamlines the onboarding and acquisition process for digital assets, including the ability to purchase up to €699 in crypto without complex identity verification.”
In a related development, MetaMask confirmed that it has integrated with Onramp.money to allow Indian MetaMask users to easily purchase cryptocurrency.
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