MetaMask Expands Fiat Off-Ramp to 10+ Blockchains, Enabling Seamless Crypto-to-Cash Conversions

Generado por agente de IACoin World
miércoles, 26 de febrero de 2025, 11:29 am ET1 min de lectura
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MetaMask, a leading self-custodial wallet in the Ethereum ecosystem, has expanded its fiat off-ramp feature to support over 10 blockchains, including BNB Chain, Arbitrum, Avalanche, Base, and Optimism. This move, facilitated through a partnership with payments firm Transak, allows users to convert tokens directly into fiat currency on top of these blockchains, eliminating the need for inefficient token swaps.

Lorenzo Santos, senior product manager at ConsenSys, the company behind MetaMask, stated, "By expanding off-ramping capabilities with Transak, MetaMask is removing barriers between crypto and traditional currency, allowing users to convert a broader range of tokens directly to cash."

The initial rollout of the off-ramp feature, which occurred in September 2023, provided access to users in the United Kingdom and European Union. However, the integration with Transak has since expanded this network to over 100 countries, with more to come in the following months. MetaMask also introduced Transak-enabled on-ramping in 2021.

Yeshu Agarwal, co-founder and chief technology officer at Transak, commented, "MetaMask remains one of the first crypto wallets for most web3 entrants in 2025. Its massive and fast-growing user base requires a simple way to enter and exit the crypto market. The entry point was already served in 2021 with Transak On-Ramp. Now, with Transak Off-Ramp, the circle is complete for the user."

As a top self-custodial wallet, MetaMask aims to enhance adoption and usability, particularly for new users. The wallet's user-friendly interface is seen as a key factor in driving web3 adoption. Partnerships with Transak and other industry players have further expanded MetaMask's footprint, increasing on and off-ramping support across various regions. This development brings financial inclusion and freedom to the unbanked and underbanked in underserved countries such as Brazil, Kenya, and Indonesia.

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