MetaMask announced in a Tuesday blog post that users of its web-based platform can now convert their digital assets into dollars, euros, and pounds, with plans to expand this feature to more regions. The popular Ethereum wallet and browser extension, with over 30 million monthly active users, aims to offer a self-sufficient Web3 experience with faster fiat conversion to destinations like bank accounts and PayPal balances.
This move is aligned with MetaMask’s commitment to providing users with easy access to the cryptocurrency world, reducing the need for intermediaries. MetaMask, compatible with browsers like Google Chrome, Brave, Edge, and Firefox, connects internet browsers to the Ethereum blockchain, enabling users to securely store their keys and conduct transactions with exchanges and decentralized apps (dApps), including DeFi protocols and crypto games.
Recently, MetaMask introduced an optimized Apple Pay option in collaboration with Banxa, a fiat-to-crypto onramp and fintech firm. They have also unveiled MetaMask Learn, a learning simulation platform designed to educate the public about essential Web3 concepts.