MetaMask announced plans to support Bitcoin and Solana this year, significantly extending the crypto wallet's capabilities.
Support for New Cryptocurrencies
MetaMask will add support for Bitcoin and Solana throughout the year. Full Bitcoin support is expected to launch in the third quarter, with Solana support starting in May. This will allow users to engage with these popular ecosystems without resorting to third-party wallets or wrapped tokens.
Interface Changes
MetaMask also plans to update its wallet's user interface and experience (UI/UX). Innovations include gas-included transactions, enhanced management of multiple Secret Recovery Phrases, and the release of a physical MetaMask card for real-life crypto payments.
Legal Issues and Agreements
This week, Consensys founder Joseph Lubin announced an agreement with the U.S. Securities and Exchange Commission (SEC) regarding alleged violations in MetaMask's staking services.
MetaMask's expanded functionality will make it a more convenient and multi-functional tool for users, while the resolution with the SEC addresses certain legal challenges for the project.
