Global payments giant Mastercard has launched a Euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets.
Mastercard's key steps in crypto
Mastercard's latest move underscores the growing involvement of mainstream finance giants in the cryptocurrency space. Banks, stock exchanges, credit card companies, payment providers, and Wall Street powerhouses like BlackRock and Fidelity are actively participating in the crypto industry. Previously, Mastercard had allowed users to link their cards with crypto exchanges for spending, but this latest development expands their involvement by enabling users to directly spend cryptocurrencies stored in self-custodial wallets.
Partnership with Mercuryo
Mastercard launched this new tool in partnership with Mercuryo, making it easier and more convenient for users to manage their crypto assets. The new card offers opportunities for widespread use of crypto assets in everyday transactions, which can further the adoption of cryptocurrencies in the mainstream sector.
The launch of the Euro-dominated crypto debit card by Mastercard highlights the growing integration of cryptocurrencies into traditional financial systems.
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