Web3 Daily

View Original

This MetaMask update seems insignificant, but it will genuinely change lives.

TL;DR

  • MetaMask is partnering with Ramp, to bring fiat-to-crypto functionality to 150+ countries.

  • The ability safely earn, save, buy and trade multiple stable global currency equivalents (e.g. ​USDC​) without the need for a trusted third party (aka a bank) to get involved...

  • But for anyone who is unbanked? That's a game changer!

Full Story

MetaMask must've chugged a barrel of rocket fuel, because it's blazing one hell of a trail right now.

First it partnered with PayPal here in the US, to allow anyone to convert their crypto into ​fiat currency​ within the app.

And now it's partnering with Ramp, to bring that same functionality to 150+ countries.

Which, ok, doesn't sound revolutionary at first...

But for anyone who is unbanked?

The ability safely earn, save, buy and trade multiple stable global currency equivalents (e.g. ​USDC​) without the need for a trusted third party (aka a bank) to get involved...

That's a game changer!

Plus, with this partnership, MetaMask is talking about potentially onboarding 100 million new users, across 150+ countries and 40+ local currencies.

Those are some impressive stats!