{"id":73862,"date":"2023-02-09T18:09:58","date_gmt":"2023-02-09T16:09:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73862"},"modified":"2025-09-09T16:44:34","modified_gmt":"2025-09-09T13:44:34","slug":"metamask-to-be-integrated-with-indian-payments-platform-onramp-money","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/metamask-to-be-integrated-with-indian-payments-platform-onramp-money\/","title":{"rendered":"MetaMask to be integrated with Indian payments platform Onramp.money"},"content":{"rendered":"<p>ConsenSys is integrating the non-custodial crypto wallet MetaMask with India&#8217;s Onramp.money platform, which operates atop the local Bitcoin exchange Bitbns.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\" data-lang=\\\"en\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Learn more about our partnership here\ud83d\udc47<a href=\\\"https:\/\/t.co\/sf4N6GZQDe\\\">https:\/\/t.co\/sf4N6GZQDe<\/a><\/p>\n<p>\u2014 MetaMask \ud83e\udd8a\ud83d\udc99 (@MetaMask) <a href=\\\"https:\/\/twitter.com\/MetaMask\/status\/1623633467543093251?ref_src=twsrc%5Etfw\\\">February 9, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The service offers a &#8216;simple and accessible&#8217; solution for converting fiat into digital assets.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cUsers in India will now be able to buy cryptocurrency directly in the MetaMask mobile app, using the platform&#8217;s <span data-descr=\\\"Application Programming Interface \u2014 the API\\\" class=\\\"old_tooltip\\\">API<\/span>, which supports various local payment methods such as <a href=\\\"https:\/\/translate.google.com\/translate?hl=ru&#038;sl=en&#038;u=https:\/\/www.npci.org.in\/what-we-do\/upi\/product-overview&#038;prev=search&#038;pto=aue\\\">UPI<\/a> and <a href=\\\"https:\/\/en.wikipedia.org\/wiki\/Immediate_Payment_Service\\\">IMPS<\/a>, making the process more convenient, cheaper, faster and more efficient,\u201d the company said.<\/p>\n<\/blockquote>\n<p>ConsenSys noted that India&#8217;s cryptocurrency market is showing significant growth thanks to the emergence of more exchanges and other platforms.<\/p>\n<p>However, the company believes that the process of buying and selling digital assets could be improved by real-time payments infrastructure. The new MetaMask partnership is meant to address this.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cWe are pleased to collaborate with Onramp.money to provide instant-transaction services to our users in India. This integration will ease Indian users&#8217; access to the Ethereum, Polygon and BNB networks and their use of dapps,\u201d said MetaMask Product Manager Lorenzo Santos.<\/p>\n<\/blockquote>\n<p>On July 1, 2022, the Indian authorities&#8217; decision to levy a 30% tax on profits from cryptocurrency transactions and a 1% tax under the TDS regime came into force. Trading volume on the country&#8217;s leading Bitcoin exchanges <a href=\"https:\/\/u1f987.com\/en\/news\/trading-volumes-on-indias-crypto-exchanges-fell-after-a-tighter-tax-regime-for-traders\">plunged sharply<\/a>.<\/p>\n<p>In August, the Enforcement Directorate of the Indian Ministry of Finance began investigating one of the country&#8217;s largest crypto trading platforms WazirX, which it suspected <a href=\"https:\/\/u1f987.com\/en\/news\/binance-owned-indian-exchange-wazirx-suspected-of-laundering-350-million\">of laundering more than $350 million<\/a>. In October, the exchange cut its staff by about 40%.<\/p>\n<p>In January 2023, RBI Governor Shaktikanta Das likened cryptocurrencies to gambling and <a href=\"https:\/\/u1f987.com\/en\/news\/rbi-chief-likens-cryptocurrency-to-gambling-and-calls-for-ban\">called for a complete ban on them<\/a>.<\/p>\n<p>Earlier in December, ConsenSys <a href=\"https:\/\/u1f987.com\/en\/news\/metamask-to-enable-cryptocurrency-purchases-via-paypal-app\">announced<\/a> integration in MetaMask of the option to buy digital assets through PayPal&#8217;s electronic payments app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ConsenSys is integrating the non-custodial crypto wallet MetaMask with India&#8217;s Onramp.money platform, which operates on the local Bitbns Bitcoin exchange.<\/p>\n","protected":false},"author":1,"featured_media":73863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[278,1287,57],"class_list":["post-73862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-india","tag-metamask","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=73862"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73862\/revisions"}],"predecessor-version":[{"id":73864,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73862\/revisions\/73864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73863"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}