Popular cryptocurrency wallet MetaMask may soon add support for Bitcoin, CoinDesk ReportsAn anonymous source cited by the outlet said access could be granted within the next month, while another source said the features have yet to be finalized. The features may be limited at first and expanded over time.
Consensys, a blockchain software company, created MetaMask to connect users to Ethereum's blockchain ecosystem. This wallet supports Ethereum and Ethereum Virtual Machines (EVM) such as Avalanche, Polygon, Optimism, and Arbitrum.
Currently, MetaMask does not directly support the acquisition of Bitcoin. Users must conduct transactions using Wrapped Bitcoin (WBTC). Wrapped Bitcoin is a tokenized version of Bitcoin that runs on the Ethereum blockchain. It is pegged 1:1 with Bitcoin, so one wrapped Bitcoin is always equivalent to one Bitcoin. It acts as a bridge between Bitcoin and Ethereum. Decentralized applications (dApps). If CoinDesk's report is successful, MetaMask users will soon be able to add Bitcoin directly.
This is not the first time MetaMask has expanded beyond the Ethereum ecosystem. In 2023, the company will A feature called snap. Snap is a JavaScript application that enables cross-chain interoperability, allowing different blockchain networks to communicate and interact without intermediaries.
Users have downloaded MetaMask's app over 22.66 million times. According to CoinGecko:.
