Nigerian Metamask users can now purchase crypto assets directly and instantly within their mobile app, Consensys and its Web3 infrastructure partner Moonpay announced today. According to Consensys executives, deploying this feature will reduce friction and remove barriers that prevent or stop Nigerians from adopting Web3.
Buy Crypto with Instant Bank Wire
Consensys, a leading Web3 company, announced that users of its Metamask wallet in Nigeria can now purchase crypto assets directly within the mobile app. To enable this feature, Consensys partnered with Moonpay, a Web3 infrastructure company. With the addition of this feature, users in the country can now purchase crypto assets without having to set up an account on a centralized crypto exchange.
In a March 21 joint statementConsensys stated that the decision to allow direct purchases was prompted by the sheer number of transactions that were rejected or blocked when the payment method was a credit or debit card. However, with this recently added feature, Metamask users can now use instant bank transfers to purchase crypto within their mobile app and portfolio dapp (decentralized application).
Simplified user experience
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Commenting on the new features added to the wallet, Lorenzo Santos, Senior Product Manager at Metamask, said:
This is a serious problem when switching from fiat to crypto, although we have accepted crypto and Web3 This is an essential next step in an important market that we face. We continue to help Nigerians get on board with Web3 by reducing friction and removing barriers
Moonpay’s Chief Product&Strategy Officer Zeeshan Feroz said the integration will allow Nigerians to fund self-customized wallets with what he described as a “simple user experience.”
Meanwhile, the statement also revealed that Consensys and its partners plan to roll out the feature in Kenya, Botswana, and South Africa within the next month.
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