KEY FACTS: MetaMask, a leading Ethereum-based cryptocurrency wallet, has expanded its fiat off-ramp services to 10 additional blockchain networks, including Arbitrum, Avalanche C-Chain, Base, BNB Chain, Celo, Fantom, Moonbeam, Moonriver, Optimism, and Polygon, in partnership with Transak, as announced on February 26, 2025. This update allows users to convert digital assets like ETH, BNB, and POL directly into fiat currency without swapping to Ether first, simplifying a previously complex process and reducing fees. Aimed at easing crypto onboarding for beginners, the feature supports instant bank transfers in the U.S. and real-time SEPA Instant payouts in Europe, targeting a smoother transition between crypto and traditional finance.

Source: MetaMask

MetaMask Expands Fiat Off-Ramp Services Across 10 Blockchains to Simplify Crypto Accessibility

MetaMask, the widely used Ethereum-based cryptocurrency wallet, has announced the expansion of its fiat off-ramp services to include 10 additional blockchain networks. This development, rolled out in partnership with global crypto on-ramp provider Transak, aims to streamline the process of converting digital assets into fiat currency. It also addresses one of the most persistent hurdles for new users entering the crypto space, which is, the complexity of onboarding. The announcement, made earlier today, aims to enhance user experience and broaden cryptocurrency accessibility.

The @MetaMask has expanded its fiat off-ramp services to 10 additional #Blockchains, simplifying crypto-to-cash conversions. In partnership with Transak, users can now withdraw funds more seamlessly without first swapping into #ETH, reducing fees and complexity. This move aims to improve accessibility and remove barriers for mainstream adoption, making crypto transactions more intuitive for new users.
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The expansion brings MetaMask’s fiat off-ramp capabilities to a total of 10 new blockchain networks, significantly widening its scope beyond Ethereum. The newly supported networks include Arbitrum mainnet, Avalanche C-Chain mainnet, Base, BNB Chain, Celo, Fantom, Moonbeam, Moonriver, Optimism, and Polygon. This diverse lineup reflects the growing prominence of alternative blockchains, often referred to as Layer-1 and Layer-2 solutions, which offer faster transactions and lower costs compared to Ethereum’s mainnet.

Immediate off-ramping support has been activated for four key tokens: ETH on Ethereum, ETH on Optimism, BNB (the native token of BNB Chain), and POL (Polygon’s native token). This initial batch ensures that users of some of the most popular networks can benefit right away, with plans to extend support to additional tokens in the future. Lorenzo Santos, senior product manager at Consensys, the company behind MetaMask, highlighted the significance of the development thus:

“By expanding off-ramping capabilities with Transak, MetaMask is removing barriers between crypto and traditional currency, allowing users to convert a broader range of tokens directly to cash,”

Santos explained, adding that the update could encourage more beginners to invest by simplifying the exit process. Previously, MetaMask users looking to cash out their holdings faced a multi-step process. They were required to swap their assets into Ether (ETH), the native token of the Ethereum blockchain, before converting it into fiat money. This not only added extra transaction fees but also introduced delays and complexity—factors that often deterred mainstream users from fully engaging with digital currencies. The new fiat off-ramp feature eliminates this requirement for tokens on supported networks, allowing users to convert a broader range of assets directly into cash.

Industry experts have long identified the onboarding process as a major barrier to reaching the first billion cryptocurrency users. For many, the journey from fiat currency to digital assets—and back again—has been fraught with technical hurdles, high fees, and convoluted steps. Sami Start, co-founder and CEO of Transak, emphasized the importance of this update, noting that MetaMask often serves as the entry point for beginners in the crypto ecosystem. In an interview, Start said:

“User onboarding has always been a challenge in crypto, especially for newcomers,”..." simplifying the transition between crypto and fiat is critical to making the technology approachable."

The partnership with Transak is a cornerstone of this initiative. Transak, known for its fiat-to-crypto and crypto-to-fiat solutions, enables MetaMask users to cash out their holdings more efficiently. In regions like the United States, withdrawals are supported through instant bank transfers, while in Europe, real-time payouts are facilitated via SEPA Instant, a system for rapid cross-border euro transactions. These options stand in contrast to traditional mainnet withdrawals, which are often plagued by high gas fees and slower processing times.

For users on Layer-2 networks like Optimism and Polygon—where transaction costs are typically lower—the ability to convert funds directly to fiat without bridging back to Ethereum’s mainnet is a game-changer.

While the immediate rollout focuses on four tokens across 10 networks, the partnership with Transak suggests that further expansions are on the horizon. As more blockchains and tokens gain traction, MetaMask will likely adapt to meet demand, ensuring that its off-ramp services remain relevant in an ever-changing landscape. For now, the focus is on execution—delivering a seamless, cost-effective experience that lives up to the promise of greater accessibility.

This is not the first time MetaMask and Transak have collaborated to enhance accessibility. Earlier integrations, such as the ability to withdraw Ether directly from Layer-2 networks like Optimism and Polygon, laid the groundwork for today’s announcement. The success of those efforts likely spurred the decision to scale up, bringing more networks into the fold. Meanwhile, competitors in the wallet and payment space—such as Phantom and Ramp Network—are also pushing similar innovations.

For MetaMask, which boasts millions of active users worldwide, this update reinforces its position as a leader in the crypto wallet market. Moreover, the integration of these additional networks positions MetaMask as a more versatile tool for both seasoned crypto enthusiasts and newcomers alike, potentially paving the way for greater mainstream adoption.

As of today, February 26, 2025, the crypto community is excited about MetaMask’s latest move. Social media posts on platforms like X reflect excitement over the reduced friction for cashing out, with some users hailing it as a “big win” for adoption. It is not clear if this update will indeed bring cryptocurrency closer to its first billion users remains to be seen, but one thing is clear MetaMask is betting big on simplicity as the key to unlocking the next phase of growth in the digital asset world.

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