MetaMask has partnered with Venmo to offer a fiat on-ramp feature, enabling US users to purchase cryptocurrencies through the payment app. This collaboration, announced on Nov. 27, was made possible by crypto-focused fintech Moonpay. While MetaMask's fiat-to-crypto option is accessible in around 200 countries, the Venmo integration is exclusive to US customers. Venmo, a PayPal subsidiary, introduced crypto transfers for its users in April 2023 and has supported crypto transactions since 2021. MetaMask, which initially launched its fiat-to-crypto feature in April 2023, has expanded its payment options to include Apple Pay, debit/credit cards, PayPal, wire transfers, and ACH bank transactions. The company has also partnered with other platforms like Transak, Stripe, Sardine, and Banxa. Recently, MetaMask collaborated with Mastercard and Crypto Life to introduce the MetaMask Card, currently available in Europe and the UK. This debit card allows users to spend USD Coin (USDC), Tether USD (USDT), and Wrapped Ethereum (WETH) at any Mastercard-accepting vendor, with support from Apple Pay and Google Pay. Read more AI-generated news on: https://app.chaingpt.org/news
