WETH

Linea

Baanx

<p>MetaMask, in partnership with Mastercard and Baanx, recently announced the launch of the MetaMask Card! An innovative debit card that allows users to spend their crypto directly from their MetaMask wallet. This initiative aims to simplify the use of cryptocurrencies for everyday purchases by eliminating the complex steps typically required to convert crypto into fiat currency.</p>
<h2 id="h-metamask-offers-a-solution-for-daily-crypto-spending">MetaMask offers a solution for daily crypto spending</h2>
<p>Traditionally, payments in cryptocurrency for everyday purchases involve several steps: transferring the crypto to an exchange, converting it to fiat currency, and then transferring those funds to a traditional bank account. The MetaMask Card simplifies this process by allowing users to spend their cryptocurrencies directly on any purchase accepted by Mastercard. This means users can use their crypto to pay for groceries, online shopping, and much more.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>The MetaMask Card supports spending in USDC, USDT, and WETH via the Linea network. It offers key benefits such as security and fast transaction speeds. Linea-powered transactions are processed quickly, and users retain control of their crypto assets through their self-custody MetaMask wallet until the transactions are completed.</p>
<p>Raj Dhamodharan, Executive Vice President at Mastercard, stated that this collaboration aims to improve the security and ease of transactions for self-custody wallet users. Simon Jones, Chief Commercial Officer at Baanx, emphasized that this product could have a significant impact on financial accessibility, especially in regions with large unbanked populations.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-a-step-towards-the-future-of-payments">A step towards the future of payments</h2>
<p>The MetaMask Card is currently <a href="https://metamask.io/news/latest/introducing-metamask-card-upgrade-your-crypto-spending/?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=cmp-3211452-afbf08" target="_blank" rel="noopener noreferrer nofollow">in a pilot phase with a limited number of digital cards available</a> for users in the EU and the UK, with plans to expand to other regions in the coming months. This initiative represents a significant step towards bridging the gap between Web2 and Web3 ecosystems, offering users more freedom to spend their crypto assets.</p>
<p>The MetaMask Card marks a turning point in the use of cryptocurrencies for everyday spending. By simplifying the payment process and offering enhanced security, this card could very well become an essential tool for crypto users worldwide.</p>

MetaMask Teams Up with Mastercard and Baanx for New Crypto Debit Card

Table of Contents

Cointribune EN

Other articles published on Aug 15, 2024

Circle CEO Reveals USDC Tap-and-Go Payments on iPhones

Lead Developer Shytoshi Kusama Teases Shiba Inu’s ‘Moon Mission’: SHIB to Soar?

Bitdeer Issues $150M Bonds Amid Falling Mining Profits

Why the Crypto Market is Down Today

Ethereum Price Prediction Amid Its Dynamic Landscape From Supply Surges to Whale Investments

US Policy Group Proposes Bitcoin Tax-Free Zone to Boost Digital Economy

Join our free newsletter for daily crypto updates!