MetaMask, a leading self-custodial wallet, has introduced a new debit card allowing users to spend crypto directly from their wallet wherever Mastercard is accepted.
A New Way to Use Crypto
The MetaMask Card has been created in collaboration with Mastercard and Baanx. It lets users spend cryptocurrency without needing to convert it into fiat. The card is currently available in the U.S. (excluding New York and Vermont), the UK, EU, Brazil, Mexico, Switzerland, and Colombia.
How It Works
The MetaMask Card simplifies crypto spending while keeping user control over funds. To start, users must pass a KYC process and link the card to a MetaMask wallet. The card uses the Linea network for fast and low-cost transactions.
Importance of the MetaMask Card
The MetaMask Card addresses the challenge of using crypto in everyday life, by making the spending process straightforward. It avoids the need for centralized exchanges, speeding up and reducing the cost of transactions.
The launch of the MetaMask Card is a step towards integrating cryptocurrencies into everyday life. By combining self-custody security with Mastercard's global reach, it removes many barriers to using crypto for daily transactions.
