U.S. MetaMask users can buy cryptocurrency directly with Venmo via the MetaMask app or browser extension. The new feature brings the crypto offering closer to the masses by allowing users to link their Venmo accounts as a payment option.
The announcement by MetaMask on their X account shared that the feature is widely available in the U.S. However it’s not available in New York or Texas because of local regulations.
HELLO @VENMO 👋👋
MetaMask users in the US can now buy crypto using Venmo. Powered by @moonpay! 💜 pic.twitter.com/oTpgDTrBfa
— MetaMask 🦊🫰 (@MetaMask) November 27, 2024
The announcement also came with a tutorial video. To use Venmo to buy crypto in MetaMask, all you have to do is select Venmo as your payment option when buying out on checkboxes. By integrating with Venmo, crypto buying becomes simpler and more accessible to Venmo users.
Venmo has recently started crypto transactions directly using Moonpay. It allows users to send, receive, and manage cryptocurrencies such as Bitcoin, Ethereum, or PayPal USD (PYUSD) in the app.
MetaMask simplifies the process for crypto beginners
For quite some time now MetaMask has been a leading Ethereum wallet for decentralized finance. However, purchasing crypto was often confusing to new users. MetaMask simplifies the process for beginners who are used to the easy-to-use platform of Venmo, with the ability to solely make purchases on MetaMask through the use of Venmo.
Venmo gives you access to more than 80 million active users. MetaMask is reaching a wider group by allowing these users to fund their MetaMask wallets from both their Venmo balances and their linked bank accounts. This will help to increase crypto adoption among regular users who might have been afraid of using completely different crypto exchanges up till now.
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