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    Home»News»MetaMask Introduces Feature to Change Ethereum to Fiat
    News

    MetaMask Introduces Feature to Change Ethereum to Fiat

    Anietie DavidBy Anietie DavidSeptember 6, 2023Updated:September 6, 2023No Comments2 Mins Read
    MetaMask Introduces Feature to Change Ethereum to Fiat
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    MetaMask, the popular cryptocurrency wallet, has unveiled a new feature enabling users to convert their Ether into fiat currency. This announcement was made on September 5 via a post on X (formerly Twitter).

    We are beyond thrilled to announce our latest feature: Sell.

    Yes, you read that right. Available on MetaMask Portfolio, โ€˜Sellโ€™ allows you to cash out your crypto for fiat currency easily.

    ๐Ÿ”— Discover more at https://t.co/aaSgTswEMo pic.twitter.com/pJa1ZndLQA

    — MetaMask ๐ŸฆŠ๐Ÿ’™ (@MetaMask) September 5, 2023

    MetaMask users who have crypto wallets linked to the platform’s decentralized application, Portfolio, will now have the ability to cash out their Ether holdings and transfer the resulting fiat funds directly to their bank accounts. This service is currently available to users in the United States, the United Kingdom, and select regions within Europe. While the initial release focuses solely on Ether (ETH), the service has plans to expand its offerings to include “native gas tokens on layer 2 networks” in the foreseeable future.

    This latest feature comes approximately five months after the wallet service introduced a function that enables users to purchase cryptocurrencies using fiat currencies from their bank accounts, as well as through PayPal and debit/credit cards. During the initial launch, MetaMask expressed its intention to extend the “buy crypto” service to cover over 90 different tokens for users across 189 countries.

    MetaMask’s Strategic Partnerships and Ongoing Security Challenges

    MetaMask has previously formed partnerships with various crypto on-ramp providers, including MoonPay, Sardine, Transak, and Wyre. Additionally, in March, the platform introduced a staking marketplace catering to its institutional clients.

    While the crypto wallet is widely used by retail investors worldwide, it has also been a frequent target for scammers and malicious actors. Recently, scammers had seized control of government websites in India, Nigeria, Egypt, Colombia, Brazil, and Vietnam, using fake sites to deceive users into divulging their personal information.

    Ethereum MetaMask
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    Anietie David

    Anietie has worked in the blockchain industry for three years, gaining experience in blockchain technology, cryptocurrencies, DeFi, and NFTs. As a seasoned content writer, he is passionate about creating effective content strategies for blockchain brands. In addition to content writing, he also has a strong interest in front-end development. When he's not working, he spends his time reading horror novels or playing CODM.

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