Nikolas Sargeant
MetaMask, in partnership with Mastercard and Baanx, has unveiled the MetaMask Card, a debit card that allows users to spend cryptocurrency on everyday purchases without needing to convert to fiat first.
Consensys, the developer behind MetaMask, emphasized that the card simplifies the complex process of converting crypto to fiat, a major hurdle to mainstream digital asset adoption. With this new card, users can spend their crypto directly from their MetaMask wallet anywhere Mastercard is accepted.
Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard, remarked, “We identified a chance to simplify life for self-custodial wallet users. Partnering with MetaMask and Baanx allows us to bring crypto closer to everyday spending.” This initiative aims to remove significant barriers to the widespread adoption of cryptocurrencies.
To use the card, users can set spending limits within their MetaMask wallet, with crypto automatically converted to fiat at the point of sale. Users must hold their crypto on the Linea Network, ensuring funds remain in their control until a transaction occurs.
The collaboration leverages Mastercard’s vast payment network, MetaMask’s secure wallet platform, Baanx’s expertise in card programs, and the Linea network’s speed and efficiency.
MetaMask Card Launches in EU and UK: Future Expansion Plans
The MetaMask Card will initially roll out in the European Union (EU) and the United Kingdom (UK), available to a limited number of users. This digital-only card will support cryptocurrencies like USDC, USDT, and ETH, with plans for broader availability and additional features in the future.
MetaMask users can check their eligibility for the card by accessing MetaMask Portfolio via a web browser and navigating to the “Card” tab.
