On March 29, MetaMask announced an update to its mobile version 4.3.1, the most significant being the Apple Pay integration.
The catch is that Apple does not support crypto payments directly through its platform, so it must be done via Wire, which supports crypto and integrates with Apple Pay.
Users can now also buy crypto with a debit or credit card, eliminating the need to send ETH to the app in advance. Apple Pay users can deposit up to $400 daily into their Wallet using their Visa or MasterCard and Wire APIs.
Metamask Mobile v4.3.1 is live with some exciting updates:
Buy crypto on iOS with Apple Pay (@sendwyre), greater transparency when interacting with sites, and support for gasless transactions where relevant.
Does it get any better? Yes it does! Now we have Dark Mode! I
1/🧵
— MetaMask (@MetaMask) 28 March 2022
credit card for crypto
MetaMask also uses the Transac payment platform to allow users to purchase crypto with their credit or debit cards. However, those who wish to use the payment platform will have to complete the KYC (Know-You-Customer) process.
Using MetaMask on Layer-1 also incurs a gas fee, though the firm says it doesn’t benefit them. Metamask also has its own fees, which are 0.875% of the transactions.
One of the other updates was support for gasless transactions, which occur when private blockchains, or a project or protocol, pay for gas on behalf of the user.
on March 15, cryptopotato reported that MetaMask has crossed 30 million monthly active users, making it one of the most popular crypto wallets available today. The news also revealed that there is a $450 million fundraising round for ConsenSys, the Ethereum solutions firm behind the wallet.
On March 16, ConsenSys CEO Joseph Lubin announced that MetaMask would launch its own token and DAO. Little was known about the coin, but long-term MetaMask users may be anticipating a Uniswap-like airdrop.
Beware of Fake Wallet Apps
Being one of the top wallets for crypto trading makes Metamask a target for hackers and scammers. Cybersecurity firm ESET recently revealed a detailed plan to distribute fake Wallet apps on Android and Apple mobile devices.
The scheme has been in operation since May 2021, and fake wallet apps for Metamask, Coinbase, Jaxx and Trust Wallet have been circulated on social media groups on Facebook targeting Chinese users, the research said.
Many of them even made it to the Google Play Store, but the tech giant removed them back in January.
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