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News

MetaMask Bitcoin Support May Launch Soon

May 22, 2024 - Around 2 mins mins to read

Key Points:

  • MetaMask, the leading Ethereum wallet, is gearing up to integrate support for Bitcoin.
  • The exact timeline for MetaMask Bitcoin support remains unclear, but insiders suggest it could happen within the next month.
  • This move reflects MetaMask’s commitment to embracing the multi-chain world of Web3.
MetaMask, the Ethereum wallet, is getting ready to integrate support for Bitcoin in what may close a huge hole in the cryptocurrency universe, as per reports from CoinDesk.
MetaMask Bitcoin Support May Launch Soon

MetaMask Bitcoin Support Could Be Imminent

Two people close to the issue said that this might take place as early as next month, though the features of Bitcoin support are still undetermined. Initially, MetaMask Bitcoin support features might be minimal but are set to be developed gradually over time.

As a flagship in the Ethereum ecosystem, MetaMask has over 30 million monthly active users, representing their way to decentralized apps and NFTs. While Ethereum brought the smart contract feature into the fray, MetaMask paved the way for users to navigate this world. Bitcoin, historically seen as different, is now also exploring similar features such as NFT-like Ordinals and Runes.

MetaMask’s Multi-Chain Vision For Enhancing Accessibility Across Ecosystems

MetaMask, developed by ConsenSys, is excited to dive into the multi-chain world of Web3. However, it refused to confirm specific development timelines but promised updates as it gets ready.

For many crypto investors, Bitcoin plays a huge role in their wallets and serves both as an investment tool and a way to pay. MetaMask Bitcoin support would smoothen blockchain transactions, allowing millions of users to interact more seamlessly with the crypto market. While Ether is also a popular one, Bitcoin’s mainstream use as a method of payment makes MetaMask’s upcoming integration of prime significance.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin

BTC

ConsenSys

Ethereum

MetaMask

Web3

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.