MetaMask has broadened its functionalities, and now allows individuals to transform digital currency into traditional money across a multitude of 10 blockchains, thanks to a collaboration with Transak.
MetaMask, a prominent self-managed wallet within the Ethereum environment, now facilitates immediate token-to-fiat transformations on prominent blockchains such as BNB Chain, Arbitrum, Avalanche, Base, and Optimism. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
Previously, individuals were required to exchange tokens for ETH before converting to fiat, which was both ineffective and expensive.
Lorenzo Santos, Senior Product Manager at Consensys, mentioned that this enlargement removes obstacles between digital currency and conventional finance, enabling individuals to convert a larger selection of tokens directly into cash.
Initially launched in September 2023 with Transak, MetaMask’s fiat transformation feature now accommodates a greater number of nations. Commencing with ETH on Ethereum and Optimism, alongside BNB and Polygon (POL), the integration will broaden from serving the UK and EU to over 100 countries in the upcoming months. MetaMask also introduced a fiat acquisition feature with Transak in 2021.
Yeshu Agarwal, Co-founder and CTO of Transak, observed that MetaMask remains a top selection for Web3 users, needing a straightforward method to enter and exit the digital currency market. Transak’s On-Ramp addressed the entry issue in 2021, and now, the Off-Ramp completes the user cycle.
As it is a superior self-custody wallet, MetaMask is frequently the initial encounter for novices in the realm of cryptocurrency.
