Popular crypto wallet MetaMask has implemented support for direct digital asset purchases with debit and credit cards by way of Apple Pay.
One upshot of the feature is that users will be able to directly seed their crypto wallets with digital assets, rather than having to go through centralized exchanges (CEXs) like Coinbase. CEXs are often seen as a grey area between decentralization and centralization — they are on-ramps to a decentralized economy but their servers are centrally owned just like any traditional company.
With the new Apple Pay feature, users will be able to enter the crypto ecosystem further on the decentralization side of the spectrum.
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, 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.
Additionally, MetaMask has introduced Dark Mode, as per popular demand. Dark mode will automatically enable in the app if a user‘s iPhone Operating System has dark mode enabled system-wide. Dark mode for the MetaMask Extension “is coming soon.”