MetaMask Launches Mastercard-Based Crypto Debit Card

Metamask, a leading crypto wallet on the Ethereum network. (Photo; Doc. Skribr)

JAKARTA - MetaMask, a crypto wallet provider, has teamed up with Mastercard and Baanx to launch MetaMask Cards. This debit card allows users to make transactions using their crypto assets easily in daily transactions.

This announcement was enthusiastically welcomed by the crypto community because the MetaMask Card presents a solution that makes it easier for users to make direct purchases using their digital assets. This card eliminates the complicated process of converting crypto to fiat currency, which has been a major barrier to the widespread application of crypto.

We see an opportunity to make it easier for self-custodial wallet users to live. By partnering with MetaMask and Baanx, we bring crypto closer to daily transactions," said Raj Dhamodharan, Deputy Executive President of Blockchain and Digital Assets at Mastercard.

This collaboration leverages Mastercard's wide payment network, a secure wallet platform from MetaMask, and Baanx's expertise in card technology, to create a more inclusive ecosystem for crypto users.

In the early stages, the MetaMask Card will be rolled out on a limited basis in the European Union (EU) and the UK (UK), with selected users who will be the first to feel this convenience. MetaMask users can check their feasibility for this card via MetaMask Portfolio in the web browser and look for the Card tab.

With MetaMask Cards, users can set an expenditure limit in their MetaMask wallets, with cryptocurrencies converted instantly into fiat currencies during transactions. To use this card, users must also store their crypto assets on Linea Network, which provides infrastructure at high speed and efficiency.

The card will support a variety of popular crypto assets such as USDC, USDT, and ETH, with plans to expand its availability and introduce additional features in the next few months. The move marks a new chapter in the integration between blockchain technology and everyday life, making crypto even more accessible and used in various situations.