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The popular crypto wallet “MetaMask” announces the integration of the “Coinbase Pay” payment service…Details here

The popular crypto wallet “MetaMask” announces the integration of the “Coinbase Pay” payment service…Details here

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Answer The popular crypto wallet “MetaMask” announces the integration of the “Coinbase Pay” payment service…Details here

On Tuesday, one of the most widely used and popular cryptocurrency wallets, MetaMask, announced that it will integrate Coinbase Pay.

The announcement came shortly after Coinbase announced that it would allow Web3 developers to integrate its payment system into their dApps.

This makes MetaMask one of the first wallets to integrate Coinbase Pay.

What was mentioned in the text Advertisingthe following:

We will soon be integrating Coinbase Pay into MetaMask as a way to transfer and buy cryptocurrencies.

Coinbase is releasing this integration with MetaMask first as it rolls out into the Web 3 ecosystem.

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This integration is another step towards our goal of facilitating the purchase of cryptocurrencies within the MetaMask wallet.

Coinbase Pay will be rolling out to MetaMask users in the coming weeks.

Then, users can use the crypto balance from their Coinbase account and quickly buy cryptocurrencies using payment information saved in their accounts such as bank accounts or debit cards.

Coinbase Pay is geared towards web developers 3:

In order to facilitate easy transfer of funds across the Web 3 ecosystem, Coinbase announced the Coinbase Pay payment platform earlier this month.

The goal was to bring crypto payment systems across different sectors in the crypto and blockchain arena such as DeFi, non-fungible tokens, NFTs, etc.

Despite the recent explosion in the realms of DeFi and NFT, it is costly for new retail investors to dive into these market segments.

Customers have to go through a complex process of crypto transmissions manually, logging into different dApps, and copying their wallet addresses leaving them vulnerable to errors.

Coinbase Pay seeks to solve most of these customer problems.

Coinbase explained in its statement:

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Coinbase Pay is the powerful new way to buy or transfer cryptocurrency to a wallet or dapp with just a few clicks to be ready to dive into DeFi or buy NFT.

Currently, customers can use their existing crypto balances or buy a new cryptocurrency using payment information saved in their Coinbase accounts, such as debit cards and bank accounts.

This simplified conversion from fiat to cryptocurrency makes the world of Web3 more accessible.

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