MetaMask Launches Crypto-Powered Debit Card with Mastercard
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Cryptocurrency wallet provider MetaMask partnered with Mastercard and Baanx to launch the Metamask card crypto solution: a debit card enabling users to spend cryptocurrency on everyday purchases. The pilot program was announced earlier today.
The trio’s announcement has generated excitement as the card allows users to spend their cryptocurrency seamlessly on everyday purchases.
Introducing MetaMask Card: The world’s first Mastercard debit card that enables instant spending directly from your self-custody wallet. We’ve teamed up with @Mastercard and @BaanxGroup to bridge the gap between crypto and daily life.
With MetaMask Card, every day can be crypto…
According to the press release, Consensys, the developer behind MetaMask, noted that the card will eliminate the complex process of transferring crypto to fiat currency, a hurdle that has long impeded the widespread adoption of digital assets.
With the Metamask card crypto option, users can directly spend their crypto holdings in their self-custodial MetaMask wallet anywhere Mastercard is accepted.
Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard, highlighted this commitment, stating: “We saw an opportunity to make life easier for self-custodial wallet users. By partnering with MetaMask and Baanx, we’re bringing crypto closer to everyday spending.” This streamlined approach seeks to remove a major barrier to mainstream crypto adoption.
To use the card, users set spending limits on their MetaMask wallet, with crypto instantly converted to fiat at the
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