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MetaMask All Set to Collect Users’ IP Addresses On-Chain Transaction

MetaMask Now Supports Instant Crypto Purchase Via Bank

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  • ConsenSys would use users’ personal information to protect against illegal activity.
  • Infura is an API-based tool that allows users to link their applications to the Ethereum network.

Wallet developer ConsenSys released a revised privacy policy agreement on November 23, sparking criticism on social media. According to it, ConsenSys’ well-known Infrura product is intended to collect additional user information.

According to the statement, MetaMask would start collecting users’ IP addresses and Ethereum wallet addresses during the chain. The digital wallet MetaMask and the Infura blockchain development tool are both products of ConsenSys.

Additionally, ConsenSys explains that using Infura as the default Remote Procedure Call (RPC) application provided by MetaMask stores both their IP address and their Ethereum wallet address. Neither Infura nor MetaMask collects the user’s IP address or Ethereum wallet address.

How does it work?

MetaMask is the most popular self-sustaining wallet with over 21 million monthly active users. However, MetaMask collects information from users’ profiles, including login passwords and financial information such as credit card or other payment card information. In addition, it collects transaction information, including billing information and information about purchases made through the Service.

In addition, ConsenSys believes that information obtained in this way may be provided to affiliates in the course of transactions or to fulfill Know Your Customer and anti-money laundering obligations imposed by law enforcement authorities. In addition, ConsenSys would use users’ personal information to protect, investigate and prevent fraudulent, unauthorized or illegal activity.

However, ConsenSys is not the only company that has recently decided to increase the amount of data it collects from its customer base. Decentralized exchange Uniswap recently started collecting various off-chain data such as users’ device type or browser to improve user experience.

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