MetaMask Poised to Support Solana and Bitcoin: Exploring New Features and Gas Fee Reductions
The post MetaMask Poised to Support Solana and Bitcoin: Exploring New Features and Gas Fee Reductions appeared on BitcoinEthereumNews.com.
MetaMask is set to revolutionize the crypto wallet experience as it expands its support to Bitcoin and Solana, marking a significant milestone in cross-chain interactions. This expansion is part of a broader roadmap that aims to enhance user experience by simplifying transactions and decreasing associated costs. According to Dan Finlay, co-founder of MetaMask, “Longer term, we believe we can eliminate gas as a user-facing concern in nearly all interactions.” MetaMask expands support to Bitcoin and Solana while enhancing user experience with innovative features and a vision to eliminate gas fees in transactions. Enhancing User Experience with Cross-Chain Support MetaMask’s decision to support Solana and Bitcoin marks a crucial shift away from solely relying on Ethereum Virtual Machine (EVM) networks. This move not only broadens the scope of assets available to users but also signifies MetaMask’s commitment to facilitating a more integrated crypto ecosystem. Users can expect to initiate transactions across different blockchains seamlessly, which inherently increases the utility of their assets. Innovative Features Aimed at Reducing Transaction Costs Among the most significant enhancements is the introduction of gas-included swaps, allowing users to swap assets while paying in the token they are transacting. This aligns with the company’s goal to phase out gas fees entirely. By employing features like ERC-5792 batched transactions, users will benefit from executing sequences of actions, such as Approving and Swapping tokens, with a single click. This not only saves time but also reduces the number of transactions that necessitate fees, creating a more cost-effective experience. Introduction of MetaMask Card to Bridge Crypto and Everyday Transactions In addition to expanding blockchain support, MetaMask has introduced the MetaMask Card, intended to facilitate real-world purchases using cryptocurrency directly from self-custody wallets. This product leverages Mastercard’s payment network, allowing users to interact with millions of vendors globally, thus simplifying the…
Filed under: News - @ February 28, 2025 6:21 am