Metamask India UPI Payments: In a huge development, web 3.0 wallet Metamask announced it will now allow Indian users to make transactions using their bank. This will bring instant crypto access to India’s user base using the country’s flagship payments technology Unified Payments Interface (UPI). Essentially, users will be able to purchase crypto directly within the MetaMask app through local payment methods like UPI and IMPS. The move could potentially bring massive shift in crypto traders in India in the way they go about dealing in cryptocurrencies.
Also Read: https://cryptoblogs.net/digital-pound-could-co-exist-with-private-stablecoins-uk-central-bank/
So far, the country’s massive crypto trader community had to rely on local crypto exchanges, that too in a tax regime that is one of the harshest for crypto trading in the world. Not only does Metamask UPI support in India provide more efficient crypto transactions, it will make the experience faster and cheaper.
MetaMask UPI Support
The crypto wallet’s support to UPI could go along way in advancing the web 3.0 infrastructure in the country, especially to newer entrants into the market. The UPI payments mode brought about a radical shift in the small payments category, pushing the country’s digital infrastructure by leaps and bounds in the last five years. For the India payments initiative, Metamask partnered with Onramp money, an instant transactions company.
Lorenzo Santos, a MetaMask executive, said the UPI integration was aimed at easing access to Ethereum, Polygon, and BNB networks for Indian users.
Read More To Know other alternative methods to buy Bitcoin with UPI in India.
How To Make UPI Payments With MetaMask Wallet:
– After logging in to Metamask app, select UPI via the Buy button
– Enter required amount and cryptocurrency
– Select the quote from Onramp.Money
– Crypto Transfer To Metamask successful
