2024-08-16
consensys.io/blog/metamask-mastercard-and-baanx-unveil-revolutionary-way-to-pay-with-crypto-pr
August 14, 2024 - MetaMask has
teamed up with Mastercard to introduce a pilot phase of the MetaMask debit
card.
This new offering allows MetaMask
wallet users to spend their cryptocurrency holdings wherever Mastercard is
accepted, bringing cryptocurrencies to everyday transactions.
The MetaMask debit card is designed to
enable direct purchases from users' self-custodial crypto wallets.
This represents a key step forward in
expanding the utility of cryptocurrencies in the real world.
The card supports transactions using USDC,
USDT, and WETH via the Linea network, making it possible to use
these digital currencies for day-to-day purchases.
The current launch is a limited pilot,
with only a few thousand digital-only cards available.
The pilot is restricted to users in the
European Union and the United Kingdom, who can register for the card through
MetaMask Portfolio.
Eligible users can add the card as a
payment method on their mobile devices, further simplifying the process of
spending crypto assets in physical and online stores.
MetaMask users interested in the card
can check their eligibility by visiting the MetaMask Portfolio in a web browser
and looking for the “Card” tab in the menu.
This collaboration between MetaMask and
Mastercard signals a growing interest in making cryptocurrencies more
accessible and functional for everyday use.
As the pilot progresses, it may pave
the way for a broader rollout, potentially transforming how digital assets can
be used outside the crypto economy.