With Coinbase Pay, MetaMask users will be able to buy cryptocurrency from their accounts.
On Tuesday, May 24, one of the most popular and widely used cryptocurrency wallets, MetaMask, announced that it will integrate Coinbase Pay. The announcement follows Coinbase’s announcement that it will allow Web 3 developers to integrate its payment platform into their dApps.
MetaMask is the first external wallet to be integrated with Coinbase Pay. According to the announcement:
“We’ll soon be integrating Coinbase Pay into MetaMask as a method of transferring & purchasing crypto. @Coinbase is launching this integration with MetaMask first as they roll out to the web3 ecosystem! This integration is another step towards our goal of making crypto easier to purchase within MetaMask.”
In the coming weeks, MetaMask users will be able to use the service. Users can then use their existing crypto balance from their Coinbase account to quickly purchase crypto using payment information saved in their accounts, such as bank accounts or debit cards.
Coinbase Pay For Web3 Developers
Coinbase launched its Coinbase Pay platform earlier this month to make it easier to transfer funds across the Web3 ecosystem. The goal was to create seamless crypto payment systems across various crypto verticals such as DeFi, NFTs, and so on.
Despite the recent explosion in the worlds of Defi and NFTs, new retail players find it difficult to enter these market segments. Customers must go through a complex process of manual crypto sends, logging into different dApps, and copying their wallet addresses, all of which them to errors. Coinbase Pay aims to solve the majority of these customer issues. According to Coinbase:
“Coinbase Pay is the powerful new way to purchase or transfer crypto to a wallet or dapp in a few clicks to be ready to dive into DeFi or purchase an NFT.
Customers can use their existing crypto balances or purchase new crypto using the payment information saved to their Coinbase accounts, such as debit cards and bank accounts. This simplified fiat-to-crypto conversion makes the world of web3 far more intuitive and accessible.”
