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MetaMask Completes Bitfinex Pay Integration As Demand For Crypto Payments Rises

By Natalie Wu | November 8, 2021

Crypto payment gateway Bitfinex Pay has reportedly completed the integration with MetaMask – the well-known browser and wallet extension run on ConsenSys. 

Specifically, the integration – which had its official introduction on November 5th – reportedly offers MetaMask the opportunity to tap into the audience pool of over 10 million active users, for the Bitfinex Pay. 

Via signing into their wallets, MetaMask users will be opened up to the freedom of sending and receiving crypto payments in a direct manner via the payment gateway.

Merchants having targets of facilitating Bitfinex Pay-enabled payments will reportedly have to complete the registration of an account, as well as finishing the verification of their identity with Bitfinex – the parent firm of the payment platform. As soon as verification is completed, merchants will have the ability to finalize the Bitfinex Pay widget integration on their websites.

Paolo Ardoino, chief technology officer of Bitfinex Pay, shared his description of MetaMask’s wallet, referring to it as a “ubiquitous tool in the digital token space”, which can be seen via the vast scale of the existing user base the protocol has, as well as reeling in millions of new users to DeFi. 

When coming upon the question regarding the future of the crypto payment in a more general manner, Ardoino reportedly shared that the digital asset is “going to disrupt the current payment industry [by] cutting out intermediaries while also reducing fees and friction.” He said that it is “not a question of if but just when.” 

MetaMask has reportedly been doing significant work in attracting new users to the crypto market. The platform has formed an alliance with three crypto-centric custodians, BitGo, Qredo, and Cactus Custody, to secure more institutional funding to crypto. 

MetaMask’s alliance with BitGo was of noteworthy nature, due to the fact that the firm was purchased by Galaxy Digital in May 2021.

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