Mastercard Partners with Mercuryo to Expand Support for Non-Custodial Crypto Wallets
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Global payment leader Mastercard has partnered with European crypto payments provider Mercuryo to expand support for non-custodial wallets.
The collaboration introduces a euro-denominated debit card, enabling users to spend cryptocurrencies like Bitcoin stored in self-custody wallets at over 100 million merchants worldwide within the Mastercard network, Mercuryo said in an official press release.
Non-custodial wallets allow users to store their cryptocurrency without relying on centralized platforms such as exchanges or banks.
In contrast to custodial wallets, where a third party holds the private keys, non-custodial wallets give users full control and responsibility for securing their funds.
Users hold the private key, the essential element that provides access to their digital assets.
This type of storage has become increasingly popular among crypto enthusiasts who prefer to avoid the risks associated with centralized entities.
Read more on cryptonews.com
