Bitfinex Pay, a cryptocurrency payment gateway, has integrated with browser and wallet extension MetaMask, which could expand crypto use to “tens of millions of users,” Cointelegraph reported.
The integration allows MetaMask users to send and receive crypto in what Bitfinex Chief Technology Officer Paolo Ardoino said in the report is a way to partner with a “ubiquitous tool” for digital assets in MetaMask’s wallet.
He said MetaMask’s big user base and role in onboarding new users to decentralized finance (DeFi) have helped to move the space along, according to the report. He also said the future of crypto payments would involve disrupting the current payment industry through the removal of intermediaries as well as fewer fees and friction.
For Ardoino, it’s “not a question of if but just when” digital assets become bigger in mainstream payments, the report stated.
Merchants who want to accept payments on Bitfinex Pay will have to register with the company and will then be able to accept the app on their websites, according to the report.
In other news, a proposal in Brazil by Federal Deputy and Congressman Luizão Goulart is looking to make it so workers could get wages and salaries from their employers in crypto, CoinGape reported.
The bill would allow crypto to be paid only after a mutual agreement between the employees and the companies they work for, according to the report. If it’s signed into law, the bill would “establish a consensus” between an individual worker and the employer to determine what percentage of a paycheck would be in crypto and fiat, respectively.
“The limits of the percentage of payment (remuneration) in cryptocurrencies will be of the worker’s free choice,” the translated version of the bill stated, per the report. “Any imposition by the employer will be prohibited.”
Goulart said there’s a need for a new kind of economy to help improve peoples’ lives, according to the report. The bill would be passed into law after 90 days from the date it’s approved.
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