#MetaMask has launched a pilot program for a cryptocurrency-powered MetaMask card in both the European Union and the UK
It has been revealed that MetaMask will be launching a pilot version of the MetaMask Card, which is a digital-only card that is powered by Mastercard and the financial platform Baanx. This card will enable users to spend bitcoin on daily transactions. According to a press release that was issued not too long ago, the availability of the card is now restricted to a select group of customers inside the European Union and the United Kingdom.
In its present iteration, the MetaMask Card is restricted to a few thousand cards that are exclusively available in digital format. Within the Linea network, users are required to keep their bitcoin on-chain, and MetaMask is used in order to delegate money to the card from the blockchain. The users of MetaMask are able to maintain complete control over their private keys since it is a self-custodial wallet.
As stated by Lorenzo Santos, senior product manager at Consensys, "This gives people more freedom to spend their assets; in this case, cryptocurrency." He went on to say that the MetaMask Card is a crucial step in the process of bridging the gap between blockchain technology and conventional payment methods.
Similar to previous Baanx-powered cryptocurrency debit cards, such as the CL Card, which allows users of the Ledger to spend their cryptocurrency anywhere Mastercard is accepted, the card that MetaMask offers operates in a manner that is comparable.
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