According to Coindesk sources, it is not yet known what strategy the developers will choose – direct support for the Bitcoin blockchain or will create their own version of a synthetic (wrapped) bitcoin, similar to Wrapped Bitcoin (WBTC).
It is also unknown whether MetaMask will support the Ordinals or Runes protocols (analogues of NFTs for Bitcoin). Initially, the set of Bitcoin-related functions will be limited, but will gradually be expanded.
In February, wallet developers announced the integration of the Robinhood Connect fiat-crypto bridge, allowing US customers to purchase virtual coins through the Robinhood platform.
A messaging system was also added, created together with data security company Blockaid. It is designed to prevent malicious transactions and protect users from phishing.
Previously, ConsenSys, the developer of the MetaMask wallet, called on the US Securities and Exchange Commission (SEC) to approve the launch of spot exchange-traded funds for ether.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
