Companies • September 5, 2023, 12:31PM EDT
Published 1 minute earlier on

MetaMask adds 'cash out' function allowing users to sell crypto for fiat

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The Block

Quick Take

  • Company announces customers can now convert crypto for traditional fiat currency with a new sell function.
  • MetaMask customers that choose to cash out their crypto can have funds sent to their bank account or added to PayPal balance.

The world's most popular hot wallet MetaMask announced that its clients can now convert crypto into fiat and have the money sent to their bank account.

The company took to X (formerly Twitter) to make the announcement. MetaMask is the most installed crypto wallet, according to a recent report.

"‘Sell’ enables you to convert your crypto to fiat, sending the funds to your bank account," the company posted.

Initial support for ETH on Ethereum mainnet

"The feature is currently available in the U.S., UK, and parts of Europe initially supporting ETH on Ethereum mainnet, with plans to expand to native gas tokens on Layer 2 networks soon," it added.

In addition to having money sent to user bank accounts, MetaMask also said converted fiat could be added to a person's PayPal balance. The two companies announced an integration late last year.


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