MetaMask Expands to Solana Network Through Transak Partnership
Main Idea
MetaMask has partnered with Transak to enable users to buy Solana (SOL) tokens directly within the app using fiat currencies, simplifying crypto onboarding and expanding Web3 accessibility.
Key Points
1. MetaMask, a non-custodial wallet, has partnered with Transak to allow users to purchase Solana (SOL) tokens directly in the app using fiat payment methods like credit/debit cards, Apple Pay, and bank transfers.
2. The integration aims to simplify the onboarding process for users by supporting local currencies and enhancing accessibility to Solana, which has become a significant part of Web3 discussions.
3. MetaMask has expanded its on-ramp support to over 10 EVM chains by 2024, primarily powered by Transak's infrastructure.
4. Solana has seen notable growth, with its native token SOL ranking fifth by market capitalization at over $106 billion, surpassing other L1 peers like BNB and NEAR in certain metrics.
5. Transak's CEO emphasized the partnership aligns with Web3's vision of being open, accessible, and chain-agnostic, starting with MetaMask and Solana.
Description
The Layer-1 (L1) blockchain, which powers internet capital markets, payments, and crypto applications, is at the center of a collaboration between industry giants. The “everything wallet” teams up with a leading payments framework provider. Extending The Reach Into Web3 In a press release shared with CryptoPotato, the non-custodial wallet MetaMask has partnered with Transak, one of the largest payments infrastructure providers, by introducing native support for Solana, marking the first integrat...
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