ConsenSys and MoonPay Join Forces to Give Nigerian Users Easy Access to Crypto Directly in MetaMask

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Lagos, Nigeria, March 21, 2023 — Today, ConsenSys, a market-leading web3 company, revealed that MetaMask, the world’s first self-custody wallet, and MoonPay, the leading web3 infrastructure company, have expanded their offering in Nigeria. MetaMask users in Nigeria can now use instant bank transfers to purchase crypto directly within the MetaMask mobile app and Portfolio Dapp, resulting in a more seamless, cheaper, faster and more efficient experience.

Buying and selling crypto in Nigeria can be tricky, with around 90% of attempts to buy crypto using a credit/debit card dropping. However, the addition of more localized payment methods, such as instant bank transfers, will improve the situation, allowing Nigerian users to access Web3 more efficiently and obtain tokens easily without creating an account with a centralized crypto exchange. . This will reduce rejection rates and provide a user-friendly experience.

We are committed to delivering seamless experiences to users in Africa, starting with Nigeria and expanding the rollout of this feature to Kenya, Botswana and South Africa in the coming month. Our collaboration with MoonPay is a step towards achieving this goal by providing users with a more convenient access experience in these countries.

The growing popularity of MetaMask in Nigeria is a testament to the growing adoption of crypto in the country and the potential for expanding digital assets in Africa.

The Chainalysis 2022 Global Crypto Adoption Index shows that Nigeria has climbed the rankings regarding grassroots crypto adoption. It is estimated that nearly 12.4 million people, or 5.7% of the Nigerian population, own crypto assets. Additionally, Nigeria is among the top global markets for MetaMask, ranking third in mobile active users. It is also among the top ten countries when it comes to metamask.io visitors.

“This is an essential next step in a critical market that has embraced crypto and web3, but faces serious challenges when using fiat to launch crypto. We are reducing frictions and remove barriers to continue supporting Nigerians as they integrate with Web3,” said Lorenzo Santos, Senior Product Manager at MetaMask.

“Our partnership with MetaMask will enable us to provide Nigerian users with bank transfers, a payment method widely used in Nigerian e-commerce businesses. We hope this integration will open doors for Nigerians to fund their self-custody wallet through a streamlined user experience,” added Zeeshan Feroz, Chief Product and Strategy Officer of MoonPay.

A widely accepted and real-time payment infrastructure hurdle for crypto transactions in Nigeria would boost the Nigerian crypto market. With this integration, the complexity of buying crypto, especially in Nigeria, is replaced with a simple solution. Additionally, MetaMask users can become their own bank through self-custody, directly controlling their assets.

To fund your MetaMask wallet with MoonPay in Nigeria:

Log in to the MetaMask mobile app or Portfolio Dapp. Click or tap the Buy button, select Nigeria as the region, then choose Instant Bank Transfer. Enter the amount you want and the token you want to buy Select the MoonPay Order quote in the MoonPay widget Done! You have successfully purchased cryptos directly in MetaMask and can now explore Web3 easily.

Media contact: [email protected] And [email protected]

ABOUT CONSENSYS

ConsenSys is a leading provider of Ethereum software and decentralized protocols. We enable developers, businesses, and individuals around the world to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, comprised of Infura, Quorum, Codefi, MetaMask, MetaMask Institutional, Truffle, Diligence, and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our customers, and has processed billions of dollars in digital. assets. Ethereum is the world’s largest programmable blockchain, leading in enterprise adoption, the developer community, and DeFi activity. On this trusted open source foundation, we are building the digital economy of tomorrow. To discover our products and solutions, visit https://consensys.net/.

ABOUT MOONPAY

MoonPay is the world leader in Web3 infrastructure. We transform the modern customer experience by creating end-to-end solutions for payments, custody, world-class design, and the creation of enterprise-scale digital assets and smart contracts. Many of the world’s most iconic brands rely on MoonPay to power their Web3 strategies and ideas. We are active in over 160 countries and are trusted by over 500 partners, including leading wallets, exchanges and commercial brands. For more information visit: www.moonpay.com

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