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How you can buy cryptocurrencies on MetaMask with Apple Pay
May 16, 2022, 3:47:00 AM

How you can buy cryptocurrencies on MetaMask with Apple Pay

The cryptocurrency market has become one of the most promising industries in the financial world. This has led to the rise of many crypto-based platforms like exchanges and wallets. For wallets, MetaMask is a strong option, especially since it is now connected to Apple Pay. 

It is safe to say that crypto wallets are one of the most convenient platforms for crypto users. They function mostly like a regular wallet as they can store your cryptocurrencies. However, what makes them unique is that they can also be used to facilitate your crypto transactions.

You have many choices when it comes to top-tier wallets, however, it is hard to go against the MetaMask Wallet. It is a convenient tool to use when you want to enter the crypto market. However, you should know that you will have to deal with the Ethereum ecosystem here rather than starting with Bitcoin. Now, let’s take a look further into MetaMask. 

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What is MetaMask?

MetaMask is a browser extension that has become one of the most useful tools in the crypto market. ConsenSys, the company behind MetaMask, has said that they have more than 30 million users which is a huge number considering that in mid-2021, they were reporting that they had 10 million users. 

MetaMask is mainly used to coincide with the Ethereum ecosystem. If you are looking for a wallet that focuses on Bitcoin, you will have other choices but in MetaMask, you will have to use Ether and other ERC-20 tokens. MetaMask is mostly centred on helping people enter the Ethereum ecosystem which means that you can also gain access to decentralised apps (dApps) using this. 

MetaMask is available on most internet browsers. It can be installed primarily on Google Chrome and Firefox. However, it also supports Chromium-based browsers too which means Microsoft Edge, Opera, and Samsung Internet can all download this as well. Unfortunately, it does not support the Safari browser which is interesting considering that we are talking about the relationship between MetaMask and Apple Pay later on. With that, let’s take a look at Apple Pay and how it plays a role in MetaMask moving forward. 

What is Apple Pay?

As technology advances, transactions without having to deal with physical bills, checks, and cards are made possible. This was one of the main ideas behind cryptocurrency because it is a payment system that doesn’t require physical forms. 

Now, mainstream tech companies have started to implement their own version of contactless payment. Among those options, Apple Pay has stood out due to the sheer popularity of Apple and its devices. You can establish an Apple Pay service with any of your devices but they are mostly used in the iPhone and the Apple Watch. 

How does it work? 

When you have an Apple Device, you need to download the Apple Pay app. This app will store your credit and debit cards as it will pull data from them to authenticate your Apple Pay account. Most of the major card companies work well with Apple Pay such as Visa, Mastercard, and American Express.

You can use your device’s camera to capture the information on your card and then input the additional info needed. Your bank will then verify your info but remember that sometimes, they will talk to you first before finalising the Apple Pay connection. 

Apple Pay uses the device’s Near Field Communication (NFC) antenna and Touch ID/Face ID which are the verification tools for transactions. In some physical stores, they have implemented Apple Pay for their transactions. This has prompted the users to put their iPhone, iPad or Apple Watch to a scanner which verifies the information and finalises the transaction. This only takes a few seconds which is a hassle-free process most of the time. 

Now, let’s take a look at the relationship between MetaMask and Apple Pay and their possible growth together. 

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MetaMask now accepts Apple Pay

In April 2022, MetaMask announced that they have integrated Apple Pay into their system. This was a massive step for the crypto industry because Apple Pay has grown into one of the most popular payment methods for everyday life. Now, people will have the chance to use the app to buy cryptocurrencies which makes the overall experience better since people had to deal with slow card transactions in the past. 

Apple Pay makes buying cryptocurrencies easier for most people because anyone that owns an iPhone or any other Apple device will have a streamlined process. Of course, Apple themselves have not shown their direct support for MetaMask because that would have been bigger news. This is a lowkey development because the way to use MetaMask is through different channels apart from this wallet. Let’s take a look at how Apple Pay is integrated into the MetaMask process.

How Apple Pay is integrated

The process is easier with Apple Pay because it is more streamlined compared to using other payment methods. You will use Apple Pay on the crypto exchange called Wyre which will allow a maximum of $400 worth of cryptocurrencies every day. The true amount has not been said because the MetaMask release said that it’s $400 but Wyre itself accepts up to a total of $500. 

That is good news for Apple Pay users because they can break into the crypto market easier than most people. Some people have issues dealing with their first foray into the crypto market but MetaMask’s integration of Apple Pay has made it infinitely easier for people because they have a familiar payment method to use when buying their crypto. 

Let’s look into how you can use Apple Pay on MetaMask in a step-by-step process. 

How you can use Apple Pay on MetaMask

For you to have a streamlined process, you should follow this process so it can be easier as you progress in your crypto journey with MetaMask and Apple Pay.

    •   Set up your Apple Pay on your device which is easy since all you have to do is connect your cards to the account. When you finish this up, take note of your Apple Pay details so it can be easy to use moving forward.

    •   Download the MetaMask extension on your browser or the app on your mobile device.

    •   Create your MetaMask account which will require you to input your personal information and payment details. However, this is not the platform where you will use your Apple Pay account. That will be later on because most of the time, MetaMask will ask you for your traditional mods of payment like debit and credit cards or PayPal.

    •   When you log into MetaMask, you will have the option to buy cryptocurrencies on Wyre. When you enter Wyre, this is where you will have to input your Apple Pay details. It will become an easy transaction by using Apple Pay through Touch ID or Face ID depending on your device.

    •   You can then transfer the cryptocurrencies to Wyre which is an easy process considering that Wyre is partnered with MetaMask.

You can also use Transak which is the other exchange that MetaMask uses. This will be a similar process, considering that there are two exchanges paired with MetaMask called Wyre and Transak. They both function similarly to each other as exchanges but they are different in terms of the overall platform and Wyre is the more popular choice.

This is landmark news for both new and veteran crypto enthusiasts. It is fun to see Apple Pay become a legitimate payment method for cryptocurrencies. Hopefully, similar payment methods like Google Pay and Samsung Pay will follow suit because that will prove that the crypto industry is inclusive.

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What cryptocurrencies can you buy on MetaMask?

Since MetaMask is integrated into the Ethereum blockchain, you can buy cryptocurrencies using this wallet with its connection to Wyre and Transak. If you are looking to buy certain crypto, you are already on the right platform since you can enter the crypto market, especially in the Ethereum ecosystem. You will most likely invest in ERC-20 tokens which are the main assets in the Ethereum blockchain alongside the popular non-fungible tokens. 

Ether (ETH)

Widely known as the second-most popular cryptocurrency in the world, Ether is a given when it comes to the Ethereum ecosystem. It is the primary token in the blockchain which makes it an attractive investment. Ether will continue to flourish as the Ethereum ecosystem grows every year. 

For you to maintain a spot in the Ethereum ecosystem, you should have a stake in Ether since you won’t go very far if you don’t use it properly. With the use of the blockchain, you can access tons of features in the ecosystem. Dapps will probably be one of the best parts of the blockchain because they are diverse and can be used in many situations. Hopefully, you can try them out with your supply of Ether to support. 

With the presence of DeFi apps and NFTs, Ether has become even more popular because its value has continued to grow. This is the number one cryptocurrency on this blockchain and it will continue to be the best as the system becomes more accepted.

Decentraland (MANA)

Ethereum is one of the most diverse networks in the world. You can see multiple platforms running in the ecosystem which has drawn people into the system. A token that can be considered one of the most popular and promising is MANA. This is the native token of the virtual reality platform, Decentraland.

On that platform, users can buy virtual lands where they can build, navigate, and monetise. It was initially an initial coin offering (ICO) in 2017 but it became a fully-fledged platform in 2019 when Ariel Meilich and Esteban Ordino launched Decentraland. They became open to the public in 2020 which further strengthens its value in the crypto market. 

Decentraland has two tokens, the first is LAND which is an NFT and MANA which is an ERC-20 token that is easier to purchase. You can use MANA to buy in-game items on the platform including wearables, avatars, names, and many more. 

In 2021, MANA was one of the most promising assets because of Decentraland and the metaverse’s popularity. Now that NFTs and metaverse projects have continued to grow, the industry will follow assets like MANA and LAND to become fully fleshed out.

Uniswap (UNI) 

Uniswap is a decentralised exchange on Ethereum where users can swap ERC-20 tokens. It uses an automated market maker to enable the swapping without an order book. With this model, the liquidity providers will input their tokens into the smart contracts. 

The Uniswap exchange was launched back in 2018 by Haylen Adams and its governance token UNI was its building block. As Uniswap continued to grow as an exchange, UNI kept growing as well which has led to its popularity and value shooting upwards.

These are just a few of the cryptocurrencies that you can invest in using MetaMask and Apple Pay. There are more options out there because there are cryptocurrencies that can stand out in future. 

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Why MetaMask is a good platform for crypto enthusiasts

MetaMask has emerged as a strong platform for crypto enthusiasts. It is a good gateway for Web 3.0 and other decentralised apps in the Ethereum ecosystem. MetaMask is easy to get into because you can access it through any of your favourite browsers except for Safari. Now, here are the best characteristics of this platform. 

MetaMask is easy to use

MetaMask's user interface is pretty easy to use and accessible. Most crypto wallets that you can see in the market are focused on using private keys for transactions which can slow down and complicate the process. MetaMask does not have to do that because users will just need to remember a list of words to finalise the transactions signed on their behalf. 

The MetaMask wallet will also be faster to use compared to others because you will not have to download the Ethereum blockchain which means that it is lighter on the hardware that you are using. It also helps that there is a mobile app that makes it even easier to use because you can use it anywhere you have an internet connection.

MetaMask’s open-source system

MetaMask being an open-source system means that it can be constantly improved. It has been a popular trend in the tech world and a crucial part of the crypto market especially since the community has the freedom to work together and create changes in the software if they want to. 

The MetaMask code is available for free and that means that people can work on them if they can do so. Since this is located in the Ethereum ecosystem, you should know that MetaMask can be used to be the gateway for dApps, NFTs, and the ERC-20 tokens. 

MetaMask’s standout features

The support for Dapps is one of the biggest features for MetaMask because Ethereum is essentially reliant on those projects. You should also expect complete control over your funds which makes it a strong wallet since you can keep it away from anyone’s reach, including hackers who want to compromise your wallet.

There are no exchange fees when you use MetaMask which is a good reason to keep using this tool. The lack of additional downloads will also be a huge deal for people because they can have an easier and smoother way to use a crypto wallet. 

Use MetaMask if you have Apple Pay

With the integration of Apple Pay into purchasing cryptocurrencies on MetaMask, it will be interesting to see how the use of these tools continues to grow. You can see more people will grow with MetaMask because it provides them with solid accessibility to their users.

With services like MetaMask add collectibles, you can expect to diversify your assets. Here, you can add your NFTs to the wallet which is a strong reason to get this since some crypto wallets have struggled to implement their NFT integration. With MetaMask, the NFT experience is seamless more than any other wallet.

With the use of Apple Pay in the MetaMask process, the wallet has become more versatile. You can use it in almost any crypto platform out there including Sportsbet.io. Here, you will get to use your cryptocurrencies for betting on both sports matches and online casino games. Now that you have a wallet to use with Apple Pay integration, it’s highly recommended using it at Sportsbet.io.

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Words: Cholo Martin

Image: Alamy