MetaMask Simplifies Crypto Purchases for Indian Users With Instant Transaction Service

MetaMask has partnered with to make crypto purchases seamless for Indian users in a challenge to centralized exchanges.

One of the most common pain points of the decentralized system is the difficulty in onboarding of new users. Hence, beginners prefer centralized exchanges that facilitate easy on-ramping of fiat through bank accounts.

Today, MetaMask announced a partnership with which aims to ease the pain for users in India. is a platform that provides instant transaction services for crypto users.

MetaMask to Allow Crypto Purchases Through UPI 

As the competition rises around non-custody solutions, MetaMask is focused on improvising its existing features to retain its crown. As a result of this partnership, users can load their MetaMask wallets directly from their bank accounts through Unified Payment Interface (UPI)

The UPI system enables instant peer-to-peer and peer-to-merchant real-time transactions. It has achieved large-scale adoption as users can make payments via QR code or UPI ID using mobile devices. According to an Economic Times report, more than 260 million people use UPI in India.

Gaurav Dahake, the Chief Executive Officer of, says: “We are thrilled to partner with MetaMask to provide access to users from India and access to digital assets in a decentralized way. We believe this partnership will make it easier for Indian users to access and use decentralized applications, and we look forward to working with MetaMask to drive the adoption of blockchain technology in India.”

MetaMask’s competitor, Exodus, has also hinted at enhancing the fiat onboarding experience. Is it the milestone pointing towards the seamless decentralized experience?

Regulatory Concerns in India 

The Indian government has maintained a strict anti-crypto stance. The government imposes a flat 30% tax on crypto gains and a 1% Tax Deduction at Source (TDS) when users sell their crypto.

Citizens may face jail time of up to six months for failing to pay the TDS. The centralized exchanges have facilitated collecting TDS from users and filing it to the government. But, the crypto community is clueless about paying the TDS on MetaMask transactions.

Got something to say about MetaMask or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here


BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

Bookmark (0)

Related Posts

Gemini to Launch International Derivatives Platform Amid Binance Regulatory Woes

Gemini will launch perpetual futures for international customers, according to The Information.
The launch comes as U.S. authorities are investigating Binance for its derivatives offerings.
U.S. authorities are clamping down on exchanges following the collapse of FTX.

Bookmark (0)

Terraform Labs Co-Founder Daniel Shin Appears in Court for Interrogation

Terraform Labs co-founder Shin Hyun-Seong (Daniel Shin) was interrogated in court on March 30.
Shin was asked such questions as whether he had ever contacted colleagues abroad.
Co-founder Do Kwon was recently arrested, much to the joy of the victims of the Terra crash.

Bookmark (0)

Bitcoin Taps $29,000—Why BTC May Never Revisit Its Previous Lows

Bitcoin markets remain resilient amid U.S. war on crypto.
Halving narrative continues to strengthen.
BTC tapped a nine month high of $29,000.

Bookmark (0)

Jake Paul-endorsed SafeMoon gets hacked after introducing a bug in upgrade

A public burn function introduced in the latest upgrade allegedly allows users to burn tokens from other addresses.

Bookmark (0)

XRP price tags 10-month high — Can a 35% pullback be avoided?

A U.S. regulator called Bitcoin, Ether and Litecoin commodities in its court filing against Binance; it did not mention XRP anywhere.

Bookmark (0)

Did the SEC Target Spicer Jeffries for Being Crypto-Friendly?

SEC settles with Denver-based auditing firm.
Spicer Jeffries has ties with crypto firms and executives.
Gary Gensler requested a bigger budged to tackle crypto ‘misconduct.’

Bookmark (0)

Leave a Reply

Your email address will not be published. Required fields are marked *