Metamask started out as the first of it's kind web3 wallet for the Ethereum and it's layer 2 tokens. And it has grown so much over the years. And it has not only has helped many people who wanted to use the wallet for web3 games but also to those who wish to trade through the browser.
Over the years metamask also turns out to be one of the wallet that was used for the authentication. And some of the people even used the metamask to turn the fiat into the web3 tokens. But it was just one way system with no way for withdrawal back then.
But now that is changing slowly. Metamask has reached many metaverse markets and it has now started to allow the selling of tokens through their internal system.
Let's talk about the Metamask's new integration for the FIAT withdrawal.
What is Metamask Portfolio?
Crypto was designed to bypass the govt and the border payments. And it has reached it's purpose. Now you can use the tokens through which we can transfer the asset value from one place to another. And this means we don't have to worry about govt on that front. And most of the web3 users are on the gameFi and SoFi.
So in order to serve such public, you have to keep the liquidity for both the tokens of those financial networks as well as the FIAT networks through which the users can get paid. So the withdrawal feature was missing in variety of the fiat withdrawal currencies. ANd new fature of the Metamask is going to offer you just that.
Metamask Portfolio is a new dashboard where the users can buy and sell the coins. And also you can buy, swap and also stake the coins into the network.
Moonpay, Transak and Paypal in Portfolio Sell Option
Everybody is wondering how the Metamask would be offering the cash to the users. Considering Metamask is a decentralized app and it can be pretty surprising to see how it is falling for the centralized withdrawal system. But that is what we have here right now we have three new payment systems.
Moonpay, Transak and Paypal are open for all the internatinal users. And in case if you are in select nations which has other operators that would be possible for you to withdraw as well. Like GCash, Vodafone and Webpay are going to be available soon and there would be more available once they pass the regulations in respective nations.
Metmask Snaps for Consumers and Developers
Metamask also has developed this new feature for the consumers and the developers of the wallet. And they are making sure that the snaps makes it easy for the users to do the internal swaps, transactions and even signed messaging easier with the developers. So this is another feature added to the Metamask which would be a good option for the wallet users.
Snaps can make the internal feature requests and the permissionless requests lot easier. Something many other wallets are also making use of with the ethereum network. And this goes to show that Metamask in upcoming future is going to be one of those wallets that can be used with the metaverse and web3 games to turn your tokens into the local cash.
Metamask Portfolio, a new product of the Metamask wallet is likely to be a new payment and marketplace service that would improve the user experience of any metaverse or the blockchain game which integrates with it to improve cash to token flow in it's ecosystem.