MetaMask adds support for Coinbase Pay

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Cryptocurrency wallet MetaMask has partnered with the Coinbase Pay payment system to make it easier for users of both services to transfer, buy and sell crypto assets.

Popular cryptocurrency wallet MetaMask integrates the Coinbase Pay payment system as part of its Web3 extension. The announcement comes shortly after Coinbase gave Web3 developers the ability to integrate their payment system into their decentralized applications (dApps).

Earlier this month, Coinbase launched the Coinbase Pay platform to facilitate the transfer of funds through its Web3 ecosystem. The goal was to bring seamless crypto payment systems to areas such as decentralized finance (DeFi) and non-fungible tokens (NFTs).

The company states that the current process of sending and receiving cryptocurrencies is too complicated and risky. Users have to manually copy addresses, log into different applications before making a transaction. Coinbase Pay is reportedly committed to addressing these issues.

“Our new system will allow you to transfer cryptocurrencies or buy NFTs in two clicks. Customers will be able to use their existing cryptocurrency balances or purchase digital assets using debit cards and bank accounts. All information will be stored with us to facilitate the conversion of fiat currencies to digital currencies,” Coinbase said in a statement.

MetaMask users will be able to take advantage of Coinbase Pay features to avoid additional registration and creation of new wallets. All information about their accounts is automatically synchronized between services.

Earlier, MetaMask announced that it will integrate several major crypto holders such as Parfin, Gnosis Safe, Hex Trust, and GK8 to expand the offering for its users.

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Source: Cryptocurrency

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