Hassan Maishera
Global payments infrastructure platform Mercuryo announced on Wednesday, April 23rd, that it has launched Spend, a new crypto debit card powered exclusively by the Mastercard network.
In a press release shared with Cryptowisser, Mercuryo revealed that Spend is available through Ledger Live, the best companion app to securely manage crypto and NFTs, sell and swap crypto. With this launch, Ledger users can now use the Spend debit card to make purchases using their digital tokens. Users’ holdings are converted from crypto to fiat and can be funded directly from self-custody.
Mercuryo added that the Spend card can be opened instantly and fee-free in the Ledger Live App. It provides Ledger’s 7 million-plus users with the ability to use their digital token holdings to fund fiat purchases at more than 150 million merchants worldwide where Mastercard is accepted. At launch, the Spend card will be available for BTC (Bitcoin) and ETH (Ethereum), with stablecoins and additional digital tokens to be added in the coming months.
The launch of this card marks an evolution in the Web3 space, as people increasingly demand solutions that enable them to use their digital assets for payments as easily and securely as traditional debit or credit cards. Spend, which is compatible with Apple Pay or Google Pay, can be used seamlessly online and in-store.
By adding Spend to Ledger Live, users of the hardware wallet can seamlessly fund their accounts at a minimal and transparent cost while also benefiting from its state-of-the-art security. Ledger customers purchasing with Spend will also benefit from Mastercard’s robust consumer protections, including AML and KYC protocols.
While commenting on the launch, Petr Kozyakov, Co-Founder and CEO at Mercuryo, said,
“We are delighted to launch Spend in Ledger, the preeminent non-custodial hardware wallet that has won a huge cult-like following among crypto enthusiasts, having made self-custody both accessible and cool. Ledger, Mercuryo, and Mastercard share the same vision of using state-of-the-art technology to deliver a seamless user experience, making this partnership a perfect fit.”
Jean-Francois Rochet, Executive Vice President of Consumer Services at Ledger, added that,
“We are happy to see Mercuryo join the family of card programs compatible with Ledger, directly available and securely manageable from within Ledger Live. This is the second service provided by Mercuryo to Ledger Live users, after crypto purchase services. Card programs that offer the ability to integrate directly with self-custody give users the best possible experience. The Spend card, paired with the power of Mastercard’s global payments network, will bring Ledger users more choice to spend their crypto.”
Spend is currently available to users in the European Economic Area (EEA). The card offers various benefits, including an optimal user experience and spending control, as well as flexible spending limits. The monthly spending limit for Spend is €40,000.
Mercuryo stands out in the decentralized ecosystem by enhancing payment use case growth and seamless on-chain integration, simplifying the user experience, especially for newcomers to this market. Mercuryo enables efficient capital flow within the DeFi ecosystem and consolidates various payment and banking solutions into a single, user-friendly interface. Since 2018, Mercuryo has proudly partnered with industry leaders such as MetaMask, Trust Wallet, Ledger, 1inch, PancakeSwap, and more, with plans to expand further as we continue to innovate with our stack of products.
Meanwhile, Ledger is the world leader in Digital Asset security for consumers and enterprises. Ledger offers connected devices and platforms, with more than 7M devices sold to consumers in 180 countries and 10+ languages, 100+ financial institutions, and commercial brands. Over 20% of the world’s crypto assets are secured by Ledger.
