MetaMask and Transak create bank-like stablecoin tracks

According to Coinjie.com, MetaMask's new integrated deposit process is powered by Transak, which mimics the familiar experience of top fintech applications, allowing users in the United States and the European Union to purchase stablecoins such as mUSD, USDC and USDT at close to 1:1 exchange rates without redirection. According to a press release shared with crypto.news on September 15, the integration embeds Transak's white label API and specified IBAN capabilities directly into the core interface of MetaMask, replacing external widgets with the native "deposit" button. The update allows users in eligible regions to top up their wallets via bank transfer or bank card and purchase stablecoins such as USDC, USDT or MetaMask's new mUSD at near par exchange rates. All of this happens without leaving your wallet environment, eliminating the infamous friction and high costs that have long plagued the entry-level cryptocurrency. The press release shows that the wallet is moving beyond its origins as a speculative token portal, recognizing that stablecoins are now mainly used in practical applications such as payments, remittances and daily financial activities. The integration aims to make it effortless to top up the MetaMask Card for real-world consumption, which marks a focus on financial practicality over pure transactions. “Buying cryptocurrencies should be as smooth and secure as using your banking app,” said Lorenzo Santos, senior product manager at MetaMask. “With Transak’s white label integration, we are able to provide this experience that combines the reliability of the fiat channel with ownership and control of self-custody,” said Sami Start, Co-founder and CEO of Transak, a experience designed for millions of people who now want to join cryptocurrencies as daily users rather than traders. He said it brings the advantages of global payments and smart contracts to the forefront, ultimately making them accessible and laying the foundation for the next wave of adoption. The scale of this integration is huge and affects an important part of the market. More than 100 million users of MetaMask can now use this streamlined process powered by Transak infrastructure, which has powered over 10 million users worldwide through more than 450 integrated applications.