MetaMask crypto wallet team is working on the integration of Bitcoin blockchain network-based crypto features for MetaMask users

MetaMask is a popular Ethereum blockchain ecosystem-focused crypto wallet, which also supports Ethereum layer-2 scaling networks e.g. Polygon Network

Cryptocurrency wallet MetaMask is reportedly working on the integration of Bitcoin native network-based crypto features for its users.

Being a popular Ethereum blockchain ecosystem-focused crypto wallet, MetaMask also supports layer-2 scaling networks like Polygon Network, Fantom, Avalanche Network, Binance Smart Chain, and Arbitrum. This wallet was developed and launched by blockchain firm ConsenSys in 2016 but started gaining adoption among crypto traders in 2019, following the Defi boom.

On 22 May 2024, Coindesk media reported that two people close to the MetaMask wallet team disclosed that the ConsenSys developers are working on the introduction of Bitcoin native network support in the MetaMask wallet.

If the insider’s information is 100% true then there are huge chances that people will be able to transfer NFTs and meme tokens on the Bitcoin blockchain network via Ordinals by the next month.

MetaMask, the most used wallet in the Ethereum ecosystem, is working on integrating native BTC. MetaMask may launch this feature next month. MetaMask is developed by ConsenSys and currently has over 30 million monthly active users. CoinDesk https://t.co/2L8wIpNggv

Currently, MetaMask has a 30 million active user base, so it will be a very big thing for the Bitcoin network adoption. Also with that, we will see a huge pump in BTC network fees.

As per the report, Bitcoin native services access will be very limited in the initial phase of launch but with time it will be expanded to the capabilities of what a blockchain could do beyond what Bitcoin pioneered.

At present, Bitcoin transactions are available on the MetaMask wallet on the Ethereum network where MetaMask users use the Ethereum-compatible ERC-20 token known as Wrapped Bitcoin (WBTC).

It is also important to note that MetaMask is a non-custodial crypto wallet but still, it can be used to trade crypto assets for fiat currencies easily.

Just a day ago, MetaMask integrated Coinbase wallet support through which MetaMask users can directly use the CoinbasePay option to easily transfer crypto assets between MetaMask and Coinbase wallet.

gm fox fam – in case you missed it, we’ve integrated with @coinbase Onramp! Users with an active Coinbase account can seamlessly buy and transfer crypto directly to their MetaMask wallet by selecting the Coinbase Pay option. Check it out @ https://t.co/dt3VBYrIaE https://t.co/xtCSgUUz1U