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MetaMask makes buying cryptocurrencies easier with integration with Mercuryo

MetaMask makes buying cryptocurrencies easier with integration with Mercuryo

The developers of the MetaMask non-custodial wallet have announced a partnership with the Mercuryo payment network.

The integration will make it easier to purchase 19 fiat currencies and 18 digital assets directly from the app using bank cards, Apple Pay and Google Pay.

The new functionality will allow customers to spend up to €699 to buy cryptocurrencies via bank transfer without multi-level verification. In addition to the euro, the payment provider also supports transfers in US dollars, Turkish lira, Polish zloty and other traditional currencies. However, you cannot buy any altcoins. Mercuryo only supports the purchase of select ERC-20, BEP-20, TRC-20, TON, AVAX C-Chain, MATIC, and DOGE-based tokens.

Founded in 2018, Mercuryo acts as an intermediary in conducting banking transactions for the purchase of cryptocurrencies. The project managed to raise $10.5 million in investments from venture capital firm Target Global, according to Crunchbase.

In the cryptocurrency market, the payment provider is best known for its partnership with Bitfinex. In 2019, the cryptocurrency exchange entered into a partnership with Mercuryo and OWNR Wallet, giving users the ability to buy crypto using debit and credit cards. Mercuryo also entered into cooperation with the American crypto exchange Coinbase and CEX.IO.

“Our integration with Mercuryo helps streamline the digital asset onboarding and acquisition process, including the ability to buy up to €699 [$743 at the time of writing] cryptocurrency without complex identity verification,” explained MetaMask Product Manager Lorenzo Santos.