Together with Mastercard and Baanx, MetaMask launched a pilot project of a crypto debit card. The new product is still available to a limited number of users in the EU and the U.K.
MetaMask, one of the leading crypto wallets, introduced MetaMask Card, a cryptocurrency debit card that will allow users to spend digital assets directly from the crypto wallet. The product was developed in collaboration with Mastercard and Baanx, a provider of solutions for integrating digital assets into traditional financial systems, and is in the testing phase.
MetaMask Card will allow crypto stored in the wallet address to be used to purchase goods or services from merchants that accept payment via Mastercard. Thanks to the non-custodial infrastructure of the wallet, users will retain full control over the funds until payment is made.
Currently, MetaMask Card only supports USDC, USDT, and WETH on the Linea network. At this stage, only a few thousand users in the European Union and the U.K. will be able to test MetaMask Card’s capabilities. To participate in the trials, users need to apply via MetaMask Portfolio. In the future, the geographical coverage will be expanded and users from other regions will be able to test the tool.
According to Lorenzo Santos, Senior Product Manager at Consensys, the full launch of MetaMask Card will lower the barriers to mass crypto adoption and increase the level of use of digital assets in real-world economic scenarios. MetaMask Card will enable instant transactions directly from the wallet, eliminating the need for complex fund transfer procedures between crypto exchanges and banks.
Last year, MetaMask was recognized as the most secure cryptocurrency wallet. This year, the crypto wallet’s security system was automated. Other MetaMask’s initiatives are aimed at simplifying the selection and purchase of cryptocurrencies.
