MetaMask announces crypto debit card, partnership with Mastercard and Baanx  

MetaMask is piloting a new payment debit card that will allow users to spend cryptocurrencies directly from their MetaMask wallet.

The card, currently in a limited pilot phase in the EU and UK, is available to a select group of users. The MetaMask card supports transactions using USDC (USDC), Tether (USDT), and WETH, all held on the Linea network, an Ethereum layer-2 solution developed by Consensys.

The MetaMask Card is designed to work like a traditional debit card, allowing users to spend without having to preload funds onto a third-party platform. Users maintain control over their assets up until the moment of purchase, at which point the cryptocurrency is instantly converted into fiat for the transaction.

We are proud to announce our partnership @MetaMaske And @MasterCard.

Together we are piloting the world’s first Mastercard debit card that lets you spend cryptocurrencies directly from your MetaMask wallet!

Currently available to a limited number of users in the EU and UK.

Flawless,… picture.twitter.com/6qExeD0FGj

— Baanx Group (@BaanxGroup) August 14, 2024

MetaMask is pursuing this initiative in the hopes of reducing the friction that has traditionally existed between blockchain and real-world commerce.

The pilot phase is planned to be expanded later this year and the card will be available in additional regions.

Mastercard crypto card

The card leverages Mastercard’s extensive global merchant network, allowing users to shop wherever Mastercard is accepted, both online and in-store. This launch represents a breakthrough in integrating blockchain technology with traditional financial systems, making it easier for users to use their crypto assets in everyday scenarios.

Known for its popular self-custody wallet, MetaMask positions this card as a bridge between the Web3 and Web2 ecosystems, offering a practical solution for cryptocurrency holders who want to spend their assets more freely.