Ethereum

Wrapped Bitcoin

Bitcoin

<div class="coinjournal">
 <ul>
  <li>MetaMask integrating native Bitcoin support, bridging Ethereum-Bitcoin gap.</li>
  <li>Although no exact timelines, the integration is expected within a month.</li>
  <li>Currently, MetaMask uses Wrapped Bitcoin (WBTC) to bridge Bitcoin to Ethereum’s decentralized applications.</li>
 </ul>
 <p>MetaMask, renowned as the most-used Ethereum (ETH) wallet, is poised to transcend one of the biggest tribal divides in the crypto sphere by extending support to Bitcoin (BTC).</p>
 <p>The move, anticipated within the next month, will mark a significant step towards interoperability in the ever-expanding world of cryptocurrencies.</p>
 <p>This news comes at the backdrop of Metamask’s integration&nbsp;with Coinbase Onramp allowing Coinbase users with an active Coinbase account to seamlessly buy and transfer crypto directly to their MetaMask wallet by selecting the Coinbase Pay option.</p>
 <h2 id="bitcoin-addition-part-of-metamask-s-multi-chain-approach">Bitcoin addition part of MetaMask’s multi-chain approach</h2>
 <p>This development underscores MetaMask’s commitment to embracing a multi-chain approach in the Web3 landscape.</p>
 <p>Currently, MetaMask does not directly facilitate Bitcoin transactions but utilizes Wrapped Bitcoin (WBTC), an Ethereum-compatible ERC-20 token, to bridge Bitcoin to Ethereum’s decentralized applications.</p>
 <p>However, the forthcoming integration of <a rel="noopener noreferrer nofollow" title="native" href="https://thebittimes.com/tag/native.html">native</a> Bitcoin <a rel="noopener noreferrer nofollow" title="functionality" href="https://thebittimes.com/tag/functionality.html">functionality</a> within MetaMask holds the potential to streamline user interactions across different blockchain ecosystems, fostering greater interoperability and expanding the utility of both Ethereum and Bitcoin for users worldwide.</p>
 <p>With over 30 million monthly active users, MetaMask serves as a vital gateway into the world of decentralized applications (dApps) and non-fungible tokens (NFTs) on the Ethereum blockchain.</p>
 <p>As Ethereum continues to pioneer innovations like smart contracts, MetaMask has played a crucial role in facilitating user navigation within this smart contract-based environment.</p>
 <p>Now, with plans to incorporate Bitcoin functionality, MetaMask is poised to broaden its utility and appeal to a wider audience of cryptocurrency enthusiasts.</p>
 <h2 id="no-exact-timeline-for-the-integration">No exact timeline for the integration</h2>
 <p>While the exact timeline for the integration remains uncertain, sources familiar with the matter suggest that access to <a rel="noopener noreferrer nofollow" title="native" href="https://thebittimes.com/tag/native.html">native</a> Bitcoin <a rel="noopener noreferrer nofollow" title="functionality" href="https://thebittimes.com/tag/functionality.html">functionality</a> could arrive within the MetaMask platform in the coming month.</p>
 <p>However, the specific <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> and capabilities of Bitcoin support are yet to be finalized. It is anticipated that initial functionalities may be limited, with expansions and enhancements rolled out gradually over time.</p>
 <p>MetaMask’s parent company, ConsenSys, led by Ethereum co-founder Joe Lubin, has expressed excitement about the prospect of embracing the multi-chain world of Web3.</p>
 <p>A spokesperson for MetaMask emphasized the company’s ongoing commitment to enhancing usability and security while exploring new integrated <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> for its self-custodial wallet.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/metamask-set-to-integrate-native-bitcoin-functionality-tbt89327.html">https://thebittimes.com/metamask-set-to-integrate-native-bitcoin-functionality-tbt89327.html</a></p>

MetaMask set to integrate native Bitcoin functionality

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TheBitTimes

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