The Indian market is seeing significant growth as new platforms and exchanges enter to offer services to consumers. One of the world’s leading Web3 wallets, MetaMask, is set to integrate with Onramp.
Onramp is a fiat-to-crypto payment gateway that allows Indians to seamlessly change their fiat money into the desired cryptocurrency.
According to the press release by ConsenSys, the integration with Onramp will allow MetaMask to make it simple for Indian customers to conduct transactions using their bank to gain immediate access to cryptocurrencies.
The integration with Onramp’s API, which supports local payment methods like UPI and IMPS, will allow MetaMask users in India to buy cryptocurrencies easily and efficiently within the MetaMask app.
Gaurav Dahake, CEO of Onramp expressed his excitement to integrate with MetaMask to offer people from India access and decentralized access to digital assets. He believes the integration will make it easier for Indian users to access and use decentralized applications, and he looks forward to collaborating with MetaMask to boost the adoption of blockchain technology in India.
This integration signifies a significant advancement in India’s adoption of blockchain technology. The combination of UPI and blockchain technology has the potential to greatly increase the reach and effect of this novel and exciting technology, especially in light of the Indian government’s current focus on digital payments.
Lorenzo Santos, Product Manager at MetaMask;
“We are thrilled to work with Onramp to deliver quick transaction services to our users in India.“
He added that the integration will make it simpler for Indian users to use decentralized applications on the Ethereum, Polygon, and BNB networks. The crypto market in India would be undoubtedly improved by this new integration with Onramp. With a population of more than 1.4 billion people, India is one of the biggest markets for crypto.
Since India took over the leadership of the Group of 20 (G-20), an intergovernmental organization made up of the 20 largest economies in the world, on December 1, 2022, Nirmala Sitharaman, India’s finance minister, has declared that regulating crypto assets will be a top priority.
Read Also; Algorand seeks to boost Web3 adoption in India
