Ethereum ecological cryptocurrency wallet MetaMask announced on Wednesday (14th) the launch of the blockchain debit financial card MetaMask Card developed in cooperation with payment giant Mastercard and crypto payment company Baanx. Qualified users can now support Mastercard Any merchant on the card spends cryptocurrency directly through the card.
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…
— MetaMask (@MetaMask) August 14, 2024
The MetaMask card will first be launched to users in EU countries and the UK in a "limited pilot of thousands of digitally limited cards", with plans for wider distribution later this year, with "full rollout" in the EU and UK, and later in the UK. More pilots will be launched in other regions in the coming quarters.
The MetaMask card operates like a typical charge financial card, but purchases can be made directly with digital assets held in the Metamask wallet, meaning users retain control of their funds until the moment they make a payment. Users will be able to spend the USDC, USDT and wETH cryptocurrencies they hold on the Linea blockchain through the card. Linea is a second-layer Ethereum network built by Metamask developer Consensys.
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