- Mastercard Launches Crypto Debit Card for European Customers
- Card Fees and Emphasis on Self-Custody
- Mastercard's Role in the Crypto Ecosystem
Mastercard has introduced a euro-denominated debit card that allows users to spend cryptocurrencies directly from their self-custodial wallets.
Mastercard Launches Crypto Debit Card for European Customers
Mastercard, in collaboration with European crypto payments provider Mercuryo, will allow their customers to make purchases with more than 100 million Mastercard merchants across the globe without transferring funds to centralized exchanges for liquidation. The Mastercard crypto debit card supports cryptocurrencies such as Bitcoin with ease and makes spending in crypto easier for everyday transactions. This makes paying both at physical stores and online shops where Mastercard is accepted very smooth while also extending the practical usage of digital currencies.
Card Fees and Emphasis on Self-Custody
The Mastercard crypto debit card, though convenient, does not come entirely free of charge. It costs 1.60 euros in acquisition, is maintained at 1 euro a month, and for every transaction, Mercuryo charges 0.95%. These reflect the balance of convenience against operating expenses encountered by this method. With this, Mastercard reinforces its commitment to the principle of self-custody, which states that a user is fully in control of their crypto assets.
Mastercard's Role in the Crypto Ecosystem
Mastercard continues to increase its presence in the cryptocurrency market. In 2021, it officially announced its support for crypto-asset payments. With the new card, Mastercard cements its leading position in the developing financial ecosystem, at the heart of which cryptocurrencies are about to become a staple part of everyday payments.
Mastercard expands the possibilities of using cryptocurrencies in daily transactions, providing customers with a secure and trusted payment network by integrating traditional finance with decentralized digital assets.
Comments