MetaMask, a leading self-custodial wallet, has unveiled a new product—the MetaMask Card. This debit card allows users to make purchases using cryptocurrency without the need to convert it to fiat currency.
A New Way to Use Crypto
The MetaMask Card is a debit card created in collaboration with Mastercard and Baanx. It lets users spend their cryptocurrency without converting it to fiat currency. The card is linked to the Mastercard network, which operates in over 210 countries and territories, simplifying the process of making purchases in stores and online without delays and intermediaries.
How It Works
The MetaMask Card simplifies the spending of cryptocurrency while maintaining user control over funds. To start, users must complete a KYC process and link the card to their MetaMask wallet. Then, the card can be funded with cryptocurrencies like USDC via the Linea network, and a spending limit can be set. After setup, the card functions like a regular debit card, allowing transactions anywhere Mastercard is accepted.
The Future of the MetaMask Card
The MetaMask Card is in its early stages, but future plans include supporting more blockchains and cryptocurrencies like Bitcoin and Solana. Improvements to user interfaces and gas abstraction features for more flexible payment options are also in development.
The MetaMask Card is a significant step forward in integrating cryptocurrency into everyday life. It opens new possibilities for users wishing to utilize their digital assets more broadly.
