MetaMask will let users hold Bitcoin and Solana in wallet revamp

One of the industry’s oldest crypto wallets is getting a large facelift.

On Thursday, Dan Finlay, the cofounder of MetaMask, took the signifier astatine an manufacture lawsuit successful Denver to uncover that users volition soon beryllium capable to clasp Bitcoin and Solana successful their Ethereum wallets.

He besides introduced a redesigned mobile app for the crypto wallet and announced the rollout of its metallic MetaMask-linked Mastercard.

Another caller diagnostic volition fto users commercialized crypto without needing to clasp Ethereum for transaction fees.

Self-Custody 2.0

In sum, it’s a monolithic overhaul.

“We spot this arsenic a ‘Self-Custody 2.0,’” Finlay told DL News, referring to however immoderate crypto users negociate their ain holdings alternatively than relying connected exchanges oregon different services.

“What you’re seeing present is the culmination of galore efforts coming together.”

Although the eight-year-old MetaMask dominates the marketplace successful presumption of the fig of users, the contention is gaining ground.

Other wallet providers person won implicit users by offering features MetaMask lacks, specified arsenic unsocial web integrations and capabilities.

Phantom, which launched successful 2021 arsenic a Solana-specific crypto wallet earlier adding Ethereum and Polygon 2 years later, has 15 cardinal users and has go the wallet of prime for that network.

Phantom besides attracted starring capitalist groups. In January, the task raised $150 cardinal successful a circular co-led by Sequoia Capital and Paradigm.

Top priority

Meanwhile, crypto wallets specified arsenic Rabby, Rainbow, and Family person built their concern astir making idiosyncratic acquisition a apical priority.

Among the slew of caller upgrades, MetaMask is tackling a akin sticking constituent for its existent users.

The crypto wallet is launching alleged batched transactions truthful that approving a transaction and past executing a swap, for example, tin beryllium done successful a azygous click.

The MetaMask squad is besides introducing “gas-included” transactions, which volition fto users swap cryptocurrencies without needing to clasp Ethereum to wage for state fees.

Instead, the state interest is paid utilizing the token they’re swapping.

By March, MetaMask users volition beryllium capable to wage their transaction fees successful immoderate tokens they want.

The biggest upgrade, though, volition fto MetaMask users easy interact with the Bitcoin and Solana networks.

Accessing Solana

MetaMask users person been capable to entree the Solana and Bitcoin networks via developer tools called Snaps, but this volition beryllium the archetypal clip that the networks volition beryllium truthful intimately integrated with the wallet, Finlay said.

MetaMask users volition beryllium capable to entree Solana from May and clasp Bitcoin from the 3rd 4th of this year.

When asked if determination were concerns astir launching connected Solana fixed the bid of recent memecoin scandals, Finlay told DL News that MetaMask is simply providing entree to the things users privation to do.

“While scams beryllium crossed each blockchains, our attack is to equip users with amended information tools, insights, and controls truthful they tin marque informed decisions,” helium said.

Liam Kelly is simply a Berlin-based newsman for DL News. Got a tip? Email him astatine [email protected].