Post
Topic
Board Altcoin Discussion
Topic OP
MetaMask Unveils Instant Bank Withdrawals
by
sesterceshop
on 07/09/2023, 06:36:02 UTC
MetaMask just rolled out a cool feature: now you can smoothly turn your crypto into regular cash and send it straight to your bank. This is starting in the US, UK, and other parts of Europe, mainly focusing on ETH.

Source: https://coinmarketcap.com/alexandria/article/metamask-adds-bank-and-paypal-feature-to-withdraw-to-fiat

They're even planning to extend it to other networks soon. Plus, you can now add your converted fiat to your PayPal too. A handy update for MetaMask's 30 million users. But at what cost?

MetaMask conversion fees, and bank fees that would depend on your exact location. Security risks too. They require users to share their personal information and bank or PayPal details with Wyre, which may expose them to identity theft or fraud.

And if you're not careful, you may also lose access to your funds should MetaMask or Wyre suffer a hack, a breach, or a shutdown.

But, nevertheless, one step closer to crypto global adoption.