1. Enhancing Crypto Spending Convenience
2. Mastercard Continues Crypto Innovation
3. Partnership and Future Development

Mastercard has teamed up with Mercuryo to introduce a new euro-based crypto debit card tailored for users using self-custodial wallets. This innovation enables them to conveniently use their cryptocurrencies at a wide range of Mastercard-affiliated merchants, totaling over 100 million worldwide.

Enhancing Crypto Spending Convenience

The new card builds on Mastercard’s previous initiatives, including its recent pilot of a crypto-to-fiat card with MetaMask and Baanx. Announced on August 14, the MetaMask Card enables MetaMask wallet customers to use their crypto for everyday purchases in fiat currency wherever Mastercard is accepted. Currently, this card is limited to users in European Union countries and the U.K., with a few thousand digital-only cards in circulation.

Mastercard Continues Crypto Innovation

Mastercard is a multinational payment card services firm based in the United States. It offers various financial services in over 210 countries and territories. The payment giant officially announced support for cryptocurrency on its network in February 2021, citing the growing importance of cryptocurrencies and stablecoins in the payments market.

Partnership and Future Development

Since entering the cryptocurrency market more than three years ago, the company has partnered with several industry players, including USD Coin supplier Circle, major US-based crypto exchange Coinbase, and many more. Despite the obstacles posed by regulations, like the crackdowns targeting crypto-friendly banks, studies show that there is growing interest in blockchain-powered cross-border solutions, and stablecoins are becoming more popular, too. Businesses increasingly use these solutions to streamline international transactions and broaden their presence worldwide.

Mastercard's partnership with Mercuryo aims to remove the barriers between blockchain and traditional payments, offering a secure, reliable, and easy way for consumers to utilize their digital assets wherever Mastercard is accepted.