It is important to note that the word “you” means “you”. 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 leading payment framework providers.
Web3 Extending the Reach
The following is a shared press release. CryptoPotato, The non-custodial wallet MetaMask partnered with Transak – one of the world’s leading payment infrastructure companies – to bring native Solana support. It is the company’s first integration that does not use the Ethereum Virtual Machine. Transak is providing the infrastructure to support the Fiat-to SOL highway.
MetaMask will allow users to purchase Solana tokens from their app using fiat currencies of their countries via Apple Pay and Google Pay.
There will be no need for bridges, complicated exchanges, or a steep learning curve – just a few clicks will be all that it takes to enter the Solana ecosystem.
“This is a significant milestone for MetaMask and a natural extension of our mission to make crypto more accessible,” said Lorenzo Santos, Senior Product Manager at MetaMask. “Solana has become a core part of the Web3 conversation, and with Transak, our users can now effortlessly purchase SOL using their local currencies, simplifying the onboarding experience.”
Since its inception, the self-managed Wallet has facilitated over 8 million transactions worldwide. It is a good entry point to Ethereum products.
MetaMask will be available by 2024. expanded Transak architecture is a major component of the on-ramp service offered to more than 10 EVM chains.
The comeback of Solana over the last year was quite remarkable. According to Token Terminal, at the time this article was printed, there were 69.9 millions active addresses monthly on the chain, while they numbered 15.8 million last year. The network is now ranked first in comparison to other L1 peers, such as BNB and NEAR.
The latest CoinMarketCap data shows that SOL (its native token) is ranked as the fifth most valuable cryptocurrency in terms of market capitalization. Its value exceeds $106 billion.
Long-Standing Partners
The two companies have been working together since 2021, when Transak was the wallet’s first fiat on-ramp provider. They have worked together since 2021 when Transak was first to provide fiat access for the wallet.
Now that Solana is in the mix easy access to the blockchain network has become a secondary concern. Now, fragmented ecosystems can be consolidated into one decentralized application.
MetaMask’s team isn’t stopping there. Plans for Bitcoin support are already confirmed.
Sami Start is the CEO of Transak.
“This is what Web3 was always meant to be – open, accessible, and chain-agnostic. “”We’re excited to build the infrastructure to realize this vision, beginning with MetaMask & Solana.”
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Source: cryptopotato.com
