- The new MetaMask debit card lets users spend their crypto directly without converting it to fiat
- MetaMask, Mastercard, and Baanx are teaming up to make everyday crypto transactions easier
- The card will be available initially in the EU and UK, supporting popular cryptocurrencies like USDC, USDT, and ETH
Big news in the crypto sphere: MetaMask just launched a new card in collaboration with Mastercard and Baanx that is going to bring everyday crypto spending closer. Forget the hassle of converting to fiat—now you will be able to use your digital assets anywhere Mastercard is accepted.
Seamless Crypto Spending: Closing the Web2-Web3 Gap.
What’s abuzz about the announcement of these three companies is that the card will let users spend their crypto trouble-free for everyday purchases. According to the press release, ConsenSys, the wallet developer, mentioned that it would cut out the complicated process of converting crypto into fiat—a big obstacle to mass adoption.
With the MetaMask crypto card, users can spend their crypto holdings directly from their self-custodial MetaMask wallet anywhere Mastercard is accepted.
Mastercard’s EVP of Blockchain and Digital Assets, Raj Dhamodharan, highlighted this commitment, saying: “We saw an opportunity to make life easier for self-custody wallet users. By teaming up with MetaMask and Baanx, we’re bringing crypto closer to everyday spending.”
This simplified approach aims to remove one of the biggest hurdles to crypto adoption. To use the card, users set spending limits in their MetaMask wallet, and the crypto is instantly converted to fiat at checkout, keeping control of the funds until the transaction is complete. Users also need to hold their crypto on the Linea Network.
The partnership leverages the combined expertise of Mastercard’s extensive payment network, MetaMask’s secure wallet platform, and Baanx’s experience in card programs and technology. Plus, Linea Network provides the underlying infrastructure for speed and efficiency.
MetaMask Debit Card Launch: Initial Rollout and Future Expansion
The MetaMask card will officially launch in a limited way in the EU and the UK. Initially available to a select group of users, the plan is to expand availability and add more features in the coming months.
The card will support popular cryptocurrencies like USDC, USDT, and ETH. MetaMask users can check their eligibility for the card by visiting the MetaMask Portfolio via a web browser and navigating to the “Card” tab.
Conclusion
In short, the MetaMask card could really shake things up for crypto users. With an initial launch in Europe and the UK and plenty of features on the way, now’s a great time to check it out and see if you can be among the first to try it!
