MetaMask Adds Fiat Withdrawal Feature

The non-custodial cryptocurrency wallet MetaMask integrated the ability to cash out digital assets with withdrawals to a bank card or PayPal account.

The feature is available in the United States, the United Kingdom, and some European countries. For withdrawals, dollars, euros and pounds are supported. Cashing out cryptocurrency can be done in the browser app MetaMask. In the initial phase, only Ethereum is supported.

The company said that in the future, more regions will be added to meet the needs of the global community.

“It is important to ensure that users have easy access to entering and exiting cryptocurrency, and we hope this update will make Web3 accessible to more people,” said the representatives of the project.

According to CoinGecko‘s report, in 2023 MetaMask became the most popular non-custodial wallet with more than 22.66 million installations.

In July, the MetaMask team updated the browser extension interface in wallet release v10.33.

In April, the app developer Taylor Monahan found that due to an unknown exploit users lost over $10.5 million.