MetaMask Launches Stunning Crypto Update for Apple Pay Users
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MetaMask has announced that its cryptocurrency wallet will now support direct purchases with debit and credit cards, through Apple Pay
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With this feature, users will be able to fund their cryptocurrency wallets without having to visit centralized exchanges like Binance
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Its been reported that users will be able to purchase been $400 and $500 worth of cryptocurrency daily, by using this method
Decentralized cryptocurrency platform, MetaMask has released an update that will allow users to purchase crypto assets with debit and credit cards, using Apple Pay.
The major advantage of this feature is that it makes crypto purchases on MetaMask more seamless, rather than users having to go through centralized exchanges like Binance.
It’s been widely reported that the daily purchase limit with Apple Pay will be capped at $400. However, the DEX platform’s API company, Wyre has reported $500 as the daily maximum crypto purchase in its documentation.
Regardless, this new feature will make it easier for new crypto adopters to use MetaMask by cutting out payment technicality.
MetaMask, which had more than 30 million monthly users as of January, is one of the world’s biggest decentralized wallets.
Read also: Important Tips For Investing in Cryptocurrency (2 Minutes)
What is decentralization in crypto?
Decentralized cryptocurrency platforms are blockchain-based apps that carry out the trading of crypto assets between users through automated algorithms. This is in contrast to centralized exchanges that act as a financial intermediary between buyers and sellers. Uniswap and SushiSwap are examples of decentralized exchanges, while Binance and Coinbase are centralized.
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