MetaMask integrates with Bitfinex Pay amid growing demand for crypto payments
MetaMask integrates with Bitfinex Pay amid growing need for crypto payments
MetaMask has played a pivotal role in onboarding millions of new users to the cryptocurrency and decentralized finance markets.
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Crypto payment gateway Bitfinex Pay has integrated with MetaMask, the popular browser and wallet extension powered by ConsenSys, potentially opening the door to tens of millions of users.
The integration, which officially went live on Fri, gives MetaMask'southward more than than 10 1000000 active users access to Bitfinex Pay. Past logging into their wallets, MetaMask users will have the ability to send and receive cryptocurrency payments directly through the payment gateway.
Merchants wishing to accept payments through Bitfinex Pay must first annals an account and verify their identity with Bitfinex, the parent company of the payment platform. Once verified, merchants tin can integrate the Bitfinex Pay widget on their websites.
Paolo Ardoino, main applied science officeholder of Bitfinex Pay, described MetaMask's wallet as a "ubiquitous tool in the digital token infinite," as evidenced by the protocol's wide userbase and role in onboarding millions of new users to decentralized finance, or DeFi.
When asked nigh the future of cryptocurrency payments more by and large, Ardoino told Cointelegraph that digital assets are "going to disrupt the electric current payment industry [past] cutting out intermediaries while also reducing fees and friction." He said that it is "non a question of if but just when."
MetaMask has played a pivotal part in bringing new users to the cryptocurrency market. As Cointelegraph reported in October, the platform has partnered with 3 crypto-focused custodians — BitGo, Qredo and Cactus Custody — to bring more institutional upper-case letter to crypto. MetaMask's partnership with BitGo was especially notable, given that the company was caused by Galaxy Digital in May of this year.
Related: NYDIG acquires Bitcoin micropayments firm Bottlepay
Demand for crypto payment gateways is expected to increment every bit digital assets become more mainstream. Payment infrastructure is of import considering it allows businesses to process crypto transactions in exchange for appurtenances and services.
Crypto payments provider BitPay has played an of import function in facilitating crypto transactions during the early days of the Bitcoin (BTC) revolution. The visitor is still active in payment integration, having recently signed on eastward-commerce platform Store.com.
Source: https://cointelegraph.com/news/metamask-integrates-with-bitfinex-pay-amid-growing-demand-for-crypto-payments
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