Metis Announcing Integration With Banxa To Simplify Crypto Adoption

Key Points:

• Metis has partnered with the fiat-to-crypto gateway Banxa, simplifying the complexity of Ethereum Layer 2 onboarding.
• According to a survey, 24% of Americans say they don’t understand crypto or digital wallets, and another 17% say they haven’t invested in digital assets because they don’t know how.
• The move attempts to make cryptocurrencies more user-friendly and accessible to the next generation of cryptocurrency consumers.

Ethereum scaling solution at Layer 2 Metis has merged with cryptocurrency payment gateway Banxa, allowing Metis customers to utilize Banxa’s fiat-to-crypto on-and-off ramp as well as supported cryptocurrencies like as ether, wBTC, aave, link, and dai.

According to a survey conducted by The Ascent in June of last year, more than 46.5 million Americans planned to purchase bitcoin in the next 12 months. Despite this, 24% of Americans say they don’t understand crypto or digital wallets, and another 17% say they haven’t invested in digital assets because they don’t know how.

Metis’ integration with Banxa intends to streamline the crypto onboarding process, particularly at Layer 2, by lowering complexity for customers in an effort to make cryptocurrencies more user-friendly and accessible to the next wave of adopters.

We are always striving to propel the industry forward and accelerate the adoption of digital assets and blockchain technology. In many ways, adoption begins with simplification of the technology and education around the potential that web3 represents.

said Metis CEO and co-founder Elena Sinelnikova in a statement

Banxa, the world’s first listed cryptocurrency payment gateway provider, employs a global network of local payment solutions in conjunction with the requisite crypto licenses to give low-fee, frictionless access to the crypto market in a compliant manner.

Metis represents one of the most popular Layer 2 solutions, and we feel strongly that, together, we can accelerate DeFi’s mass adoption.

said Banxa CCO Josh D’Ambrosio.

Metis has teamed with cross-chain bridge protocol Stargate for the second time in two weeks, with the goal of assisting Metis users in leveraging the benefits of DeFi across various chains.

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