MetaMask, a prominent Ethereum wallet, has announced the launch of its blockchain-powered debit card. Created in partnership with Mastercard and Baanx, the card aims to bridge the gap between traditional finance and digital currencies.
Introduction of MetaMask debit card
The new MetaMask debit card will allow users to make purchases using cryptocurrency while retaining self-custody until payment. The card supports cryptocurrencies like USDC, USDT, and wETH, marking a critical step toward mainstream blockchain financial services.
Partnership with Mastercard and Baanx
The MetaMask card was developed in collaboration with Mastercard and Baanx, two key players in the traditional and digital finance sectors. Initially, the card will be available to a select group of users in the EU and UK, with plans for wider release in the future.
Future plans
Initially, the MetaMask card will be issued as a limited pilot to a few thousand users. These digital-only cards will help assess user feedback and preferences before a broader release.
The launch of the MetaMask debit card represents a significant step toward integrating cryptocurrencies into everyday life. This partnership with leading financial institutions indicates the growing adoption and trust in blockchain technologies.
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