When talking about cryptocurrency payments, a term often comes up: Metamask. But what exactly is it, and why is its role central to the adoption of Web3 payments?

Metamask, the most used non-custodial wallet in the world

Metamask is a non-custodial digital wallet, created by Consensys, one of the pioneers of Web3.

This means that the user keeps total control of its funds and private keys, unlike a wallet called Custodial.

👉 Custodial wallet : your funds are managed by a third party (for example a centralized exchange like Binance or Coinbase). The advantage: ease of use. The downside: you don't really own your cryptos, since the operator is in charge of them.

👉 Non-custodial or self-hosted wallet : your cryptocurrencies are stored directly in your digital wallet, and you are the only one who has the private keys. In other words, “Not your keys, not your coins” : your assets really belong to you.

Why is Metamask essential for crypto payments?

With over 30 million active users, Metamask became the reference wallet to interact with the blockchain. Available as a browser extension and as a mobile application, it allows:

• to store your cryptos independently,
  
  
• to interact with thousands of decentralized applications (DApps),
  
  
• and now... of pay directly to partner retailers thanks to solutions like Lyzi.
  
  

Pay non-custodial with Lyzi

Chez Lyzi, we believe that the future of crypto payments should remain simple, secure and accessible. That's why our infrastructure allows all our partner merchants to accept payments in Non-custodial wallet, like Metamask.

Result:

• The user pays directly from his wallet, without intermediaries.
  
  
• The trader receives the equivalent in euros within 24 to 72 hours, without experiencing volatility.
  
  
• The experience is smooth, fast and in compliance with regulatory standards.
  
  

In the rest of this article, we will see How to make a concrete payment with Metamask, step by step, from the Lyzi payment interface.

How do I make a payment with Metamask and Lyzi?

Once on the checkout page, you have various options to choose from.

There are exchanges like Binance or WhiteBIT, but also the Wallets option, which represents non-custodial wallets.

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So, you are connected and your address is registered. You will therefore benefit from various rewards such as the cash backs linked to your purchases, or community drops.

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Once the 'Wallets' option is selected, you can choose which network and crypto you want to use and therefore spend.

Here, we chose to use the Sépolia Ethereum network (test), and to spend USDC.

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You are therefore offered to pay, either by sending the funds (exact amount) to the address, manually. Or in 1 click, i.e. by validating the operation from your Metamask, already connected. This method is more suitable for payment on a desktop computer because on mobile it requires a certain agility. Indeed, you will have to switch from the wallet to the Dapp to validate the authorizations in the wallet.

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As specified above, you must therefore validate the transaction from your wallet. (Make sure you have enough to pay for gas 🙂)

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The transaction goes to confirmation status...

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And presto! The payment is validated! 😀

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Your payment is therefore finalized, and the merchant receives the funds (in euros) within 24 to 72 hours directly into his account! You can enter your email to receive your receipt, and even take a look at the loyalty program.

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Metamask and Lyzi: the winning duo to democratize crypto payments

The use of Non-custodial wallets like Metamask marks a key step in the adoption of Web3. They give users back full control of their digital assets while paving the way for concrete payments in everyday life.

Thanks to Lyzi, it is now possible to use Metamask not only to interact with decentralized applications, but also to pay directly to partner retailers : restaurants, hotels, shops, real estate agencies and much more.

This convergence between the simplicity of a payment solution like Lyzi and the power of a wallet like Metamask contributes to anchor crypto in daily uses.

👉 Whether you are an individual who wants to spend their cryptos easily, or a merchant who wants to attract an international and tech-savvy clientele, the combination Metamask + Lyzi opens up a new field of opportunities.

The future of payments is already here: fast, fluid, secure and... decentralized.