Software company Consensys announces Metamask’s integration with Onramp.money powered by Indian exchange Bitbns, to give Indian users convenient access to cryptocurrencies within MetaMask.
The Onramp.money API will now allow MetaMask users in India to buy crypto within the MetaMask mobile app via UPI and IMPS for cheaper, faster, more efficient payments.
Consensys says the combination of UPI and blockchain technology has the potential to dramatically increase the reach and influence of this novel technology, especially in light of the Indian government’s current focus on digital payments.
Also Read: India’s Reliance Retail Goes Digital with CBDC Acceptance
The Metamask parent firm added that the smooth operation of crypto transactions in the nation currently needs to be improved as there is a lack of consensus and a lack of fast and real-time payment infrastructure.
“With MetaMask’s integration with Onramp.money, this hurdle has now been removed, and Indian users will be able to take advantage of the benefits of blockchain technology easily,” Consensys added.
Lorenzo Santos, Product Manager at MetaMask, stated “We are excited to partner with Onramp.money to bring instant transaction services to our users in India. This integration will make it easier for Indian users to access the Ethereum, Polygon, and BNB networks and use decentralized applications. We believe this will help drive the adoption of blockchain technology in India.”
Gaurav Dahake, CEO of Onramp.money, noted “We are thrilled to partner with MetaMask to provide access to users from India and access to digital assets in a decentralized way. We believe this partnership will make it easier for Indian users to access and use decentralized applications, and we look forward to working with MetaMask to drive the adoption of blockchain technology in India.”
Consensys stated that this integration represents a significant step forward in adopting blockchain technology in India. Recently, even Algorand unveiled a series of partnerships across India, focused on growing the adoption of the Algorand blockchain and developing Web3 devs in India.
