MetaMask launches feature to sell ETH for fiat


Cryptocurrency pockets MetaMask has introduced the launch of a feature permitting customers to sell Ether for fiat foreign money.

In a Sept. 5 submit on X — previously Twitter — MetaMask said customers with crypto wallets linked to the platform’s Portfolio decentralized software would find a way to money out Ether (ETH) and ship fiat to their financial institution accounts within the United States, United Kingdom and elements of Europe. MetaMask mentioned the preliminary rollout was restricted to ETH however deliberate to develop to “native gas tokens on layer 2 networks” sooner or later.

The sell feature got here roughly 5 months after MetaMask launched a function permitting customers to buy cryptocurrencies utilizing fiat from financial institution accounts, PayPal, and debit and bank cards. The platform mentioned on the time it deliberate to roll out the “purchase crypto” service for greater than 90 tokens to customers in additional than 189 international locations.

Related: MetaMask rolls out ETH purchases via PayPal to US users

MetaMask has beforehand announced partnerships with crypto on-ramp providers, together with MoonPay, Sardine, Transak and Wyre. In March, the platform launched a staking marketplace for its institutional shoppers.

The crypto pockets, utilized by many retail buyers in numerous international locations, has typically been a goal for scammers and unhealthy actors. Cointelegraph reported on Sept. 5 that scammers had taken control of certain government websites in India, Nigeria, Egypt, Colombia, Brazil and Vietnam so as to trick customers into sending their private data to faux MetaMask websites.

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