Cryptocurrency wallet MetaMask has rolled out the launch of its new feature, ‘Sell’, where users can sell Ether for fiat currency (USD, EUR, GBP).
MetaMask revealed that users with cryptocurrency wallets linked to the platform’s decentralized application Portfolio will now be able to withdraw their Ether (ETH) and send fiat currency to bank accounts or PayPal balance.
Currently, the Sell feature is only accessible in the United States, the United Kingdom, and certain regions of Europe; however, it will be available to the entire MetaMask community worldwide. Also, it has only supported selling the Ethererum, but MetaMask has plans to expand to “native gas tokens on layer 2 networks” in the later stages.
To ensure high standards, metamasks aggregate an array of vetted providers instead of limiting themselves to a single provider when it comes to converting ETH on the Ethereum Mainnet to fiat currency. This allows MetaMask to present users with different real-time options to convert their ETH to fiat, so that they can choose the option that is best for them.
MetaMask said, “Using the Buy and Sell features in MetaMask Portfolio allows you to go full circle in your crypto and fiat journey, with many of the same providers That means you’d only need to sign-up and link your bank account once with a specific provider, then buy and sell to your ~~wallet’s~~ heart’s desire. We hope you enjoy it.”
Also Read: Crypto Scammers Target MetaMask Users Using Gov Sites
