New Mastercard-Supported Card Makes Cryptocurrency Shopping Easier
MetaMask has announced the pilot launch of the MetaMask Card, which allows users to use cryptocurrencies for daily spending.
According to the statement made by MetaMask, the pilot study is supported by Mastercard and Baanx. It will be available to users in the European Union and the United Kingdom in the first phase.
Only a few thousand digital cards will be tested during the trial run.
MetaMask Card users are required to keep their cryptocurrencies on the Linea network. Users can allocate their money for the card through MetaMask's wallet.
Since MetaMask is a wallet in its own right, users will still be able to manage their private keys on their own.
Bringing two worlds together
“This allows people to spend their assets, in this case cryptocurrencies, more freely,” said Lorenzo Santos, Consensys senior product manager. Stating that the MetaMask Card is an important step in reducing the divide between blockchain and traditional payments, Santos said, “This is a paradigm shift that offers the best of both worlds.” MetaMask’s card works similarly to other Baanx-supported crypto debit cards, such as the CL Card, which allows Ledger users to spend their crypto anywhere Mastercard is accepted. Other crypto debit cards that are linked to centralized platforms, such as the Coinbase Card and Crypto.com Visa Card, also offer similar spending options.