TL;DR
MetaMask has launched a limited pilot program for its new crypto payment card in the US, allowing users to spend digital assets at physical stores and online.
The MetaMask Card functions like a crypto debit card, converting cryptocurrency into local fiat currencies at the time of payment, and is accepted anywhere Mastercard is.
MetaMask partnered with Crypto Life to issue the card, which is already available in the EU, UK, Brazil, Mexico, and Colombia, with plans for a broader rollout based on user feedback.
MetaMask has launched a limited pilot program for its new crypto payment card in the United States. This initiative marks a significant step towards integrating cryptocurrency into everyday transactions, allowing users to spend their digital assets at both physical stores and online. The pilot program aims to gather user feedback and refine the card’s functionality before a broader release.
https://twitter.com/MetaMask/status/1869422402696032348
Details of the MetaMask Card
The MetaMask Card functions similarly to a crypto debit card, enabling users to spend the cryptocurrencies held in their MetaMask wallets anywhere Mastercard is accepted. This includes a wide range of merchants and services, providing greater flexibility and convenience for crypto enthusiasts.
The card automatically converts cryptocurrency into local fiat currencies at the time of payment, ensuring seamless transactions. Lorenzo Santos, Senior Product Manager at Consensys, highlighted the card’s potential impact:
“The MetaMask Card pilot gives people more freedom to spend crypto. This represents a major step in removing the friction that has traditionally existed between the blockchain and real-world commerce. This is a paradigm shift that offers the best of both worlds.”
Partnership and Availability
MetaMask has partnered with Crypto Life, a card program manager with Mastercard lending, to issue the MetaMask Card. Eligible users can register through the MetaMask Portfolio and create an account on the Crypto Life site to receive their cards.
The card is currently not available to users in New York or Vermont, and interested individuals will need to join a waitlist. The MetaMask Card is already available in several other regions, including the EU, UK, Brazil, Mexico, and Colombia.
This broader availability demonstrates MetaMask’s commitment to expanding its services and making cryptocurrency more accessible to users worldwide. As the pilot program progresses, MetaMask plans to roll out the crypto payment card on a larger scale, incorporating feedback from early users to enhance its features and usability.
The successful launch of the MetaMask Card in the US could pave the way for further innovations in the crypto payment space, bridging the gap between digital assets and everyday commerce.