MetaMask, the leading blockchain wallet with over 30 million users, has joined hands with payment giant Mastercard to test blockchain payment cards. This groundbreaking project, backed by Baanx, promises to deliver the first decentralized web3 payment solution, allowing users to spend crypto for everyday transactions anywhere Mastercard is accepted. .
This partnership marks a new step forward in connecting the world of traditional finance with the digital asset space. Mastercard, with its global credit and debit card network, will provide key infrastructure for the MetaMask payment card, making it easier for users to access and use cryptocurrencies in their everyday lives.
This is not the first time Mastercard has shown interest in blockchain technology. Previously, the company cooperated with Ledger, a famous hardware wallet company, and participated in projects related to Multi-Token Network, Crypto Credential, CBDC Partner Program.
“Mastercard is committed to bringing a trusted and transparent approach to the digital asset space,” shared a Mastercard representative. “We are developing innovative products and solutions, including a new token program connecting Web2 and Web3, to unlock the potential of blockchain technology.”
Meanwhile, Mastercard competitor Visa is also actively exploring the blockchain space, partnering with stablecoin USDC and the Solana blockchain to solve cross-border payments problems.
The entry of traditional payment industry giants such as Mastercard and Visa into the blockchain space shows the huge potential of this technology in reshaping the future of finance. MetaMask/Mastercard payment cards promise to be the start of a new era where cryptocurrencies are used as commonly and easily as fiat money.