Fintech Banxa Reportedly Becomes First Fiat-to-Crypto On-ramp Supporting 1-Step Apple Pay via MetaMask

From paper to plastic to click – the payments game has evolved substantially as consumer demand for convenience “continues to influence innovation,” according to an update from Banxa.

Apple Pay has become “an increasingly popular method to purchase crypto, though many onramps that offer it require users to complete multiple steps and be redirected to a third-party platform.”

To simplify mobile transacting, Banxa, global Web3 fiat-to-crypto on-and-off ramp, has integrated with MetaMask in order “to facilitate one-step Apple Pay for iPhone users worldwide – officially available today.”

Banxa serves a key role in “streamlining payment infrastructure” and remains focused on its continued partnership with MetaMask.

As noted in the announcement, Banxa is pleased “to share that Apple Pay one-click is available for MetaMask iPhone users worldwide.”

In order to purchase crypto on MetaMask, users need “to connect real-world funds to their wallets.” Banxa is currently “the only fiat-to-crypto onramp facilitating one-step Apple Pay transactions on MetaMask.”

Holger Arians, CEO of Banxa, said:

“This integration further deepens our relationship with Consensys and MetaMask, one of the most trusted wallets in the space that we are proud to work with. Offering Apple Pay one-click directly within MetaMask marks an important step on our journey toward seamlessly embedding crypto into the user experience.”

Launched in 2016, MetaMask enables users “to own both public and private keys, rather than relinquish this data to a centralized party.” As the world’s leading self-custody wallet, MetaMask “surpassed 30 million users worldwide in 2022.”

Banxa first announced its partnership “with MetaMask back in February of this year.”

This latest update signifies “the commitment of the two companies to onboard more users to the web3 space through a seamless experience.”

As covered, Banxa claims it is “the leading infrastructure provider for enabling embedded crypto, empowering businesses to embed crypto seamlessly into their existing platforms, unlocking new opportunities in the rapidly evolving crypto economy.”

Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses “provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates.”

The Banxa team is “building for a world where global commerce is run on digital assets, and as such has headquarters in the USA, Europe, and Asia-Pacific.”

As mentioned in the announcement, Consensys says it is “the leading blockchain and web3 software company.”

Since 2014, Consensys claims it “has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem.”

Through their product suite, “including the MetaMask platform, Infura, Linea, Truffle, Diligence, and our NFT platform, they have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see.”

Whether building “a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal.” Consensys inspires and champions “the builder instinct in everyone by making web3 universally easy to use and develop on.”

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