The MetaMask cryptocurrency wallet became the first to integrate cryptocurrency purchases with PIX, the Central Bank of Brazil system, with the help of a payments fintech. Thus, Brazilians who want to buy coins or tokens created in five networks can now begin the acquisition process, which will take the coins directly to their wallets. MetaMask is developed by Consensys, one of the most influential companies in the Ethereum ecosystem. It has targeted major developments in Brazil with its application, mainly in partnership with Bacen. Consensys is one of the companies chosen by the Central Bank of Brazil in its Lift Challenge program for the digital Real, which began last Monday (5th).
MetaMask releases PIX for Brazilian users to buy coins and expands partnership with the Central Bank of Brazil
Cryptocurrency wallets are not brokers, that is, they do not have order books for their users to trade currencies. Even so, in recent years some wallets have sought to bring their customers the convenience of trading cryptocurrencies directly from their applications. One of them is Ledger, a hardware wallet that allows the purchase of bitcoin with credit card payment, for example. A wallet had never been integrated into the PIX system, launched in November 2020 by the Central Bank of Brazil, with MetaMask being the first to allow the purchase of cryptocurrencies directly for its users. The announcement took place last Friday (9), when the company linked to Consensys announced the news, including on its social networks.
Calling all 🦊 users in Brazil! We’re pumped and excited to announce that you can now find @BancoCentralBR‘s #Pix with our “Buy Crypto” feature! Thank you @moonpay for making this so easy 🙏https://t.co/VzpytiSarx — MetaMask 🦊💙 (@MetaMask) September 9, 2022
Brazilians can now buy Ethereum, Polygon, BNB and two more cryptocurrencies directly with PIX, see how
By releasing PIX to its Brazilian users, MetaMask has partnered with MoonPay, a company with which it has been a partner since April 2022. Thus, the purchase of Ethereum, Polygon, Binance Smart Chain, Avalanche C-Chain and Celo are allowed, plus all tokens from these ecosystems, all with PIX. To purchase cryptocurrencies with PIX on MetaMask, users can use the web or app extension. It is worth remembering that the initial steps of creating and configuring the wallet must be carried out in advance. Thus, with the MetaMask wallet created, users must go to the “Buy” option on the home screen, select the country “Brazil” and choose “PIX” as the payment method. After that, just choose which token you want to buy, such as ETH, for example, enter the value of the trade and choose the company “MoonPay” as a service provider. If it is the first purchase, MoonPay will ask users to register in its system. However, if the customer already has a fintech registration, simply review the purchase details and click confirm, at which point the cryptocurrency balance will be transferred to MetaMask. It is worth remembering that this form of purchase is not similar to that of brokers, so it is important to review the details, fees and terms of use before any negotiation, managing the risks of the operation.