A crypto wallet with over 22.66 million app downloads is introducing a new feature that allows users to cash out their funds.
In a statement, MetaMask says the newly rolled out “sell” feature allows users to convert their Ethereum (ETH) into the US dollar, euro or British pound, depending on their location, by directly sending the crypto to their bank or Paypal account.
“Rather than being limited to a single provider, MetaMask aggregates an array of vetted providers (many of the same ones in the Buy flow) — ensuring they meet our high standards — to present you with different real-time options to convert your ETH on Ethereum Mainnet to the fiat currency of your choice (where available).”
Users will have to sign up and link their fiat accounts before they can sell crypto in the MetaMask Portfolio. It may also take multiple days before the funds reflect in their balance, though the times vary depending on the provider.
MetaMask’s new sell feature currently only supports Ethereum, though the platform plans to expand the capability to native gas tokens on layer-2 networks in the near future.
The new service is also initially limited to the US, UK and parts of Europe, but MetaMask wants to implement the feature in other parts of the world eventually.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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- Source: https://dailyhodl.com/2023/09/07/metamask-wallet-unveils-feature-that-allows-users-to-cash-out-their-crypto-via-bank-or-paypal-accounts/
