Key Takeaways:
- MetaMask is launching a self-custody crypto card with Mastercard, using smart contracts and Ethereum’s Linea network for fast transactions.
- The card emphasizes security amid rising concerns about centralized exchanges, following major hacks like Bybit’s $1.4 billion breach.
- MetaMask joins a competitive crypto card market as payment use cases for crypto expand, despite declining wallet activity.
MetaMask is set to launch a self-custody crypto payments card backed by Mastercard, allowing users to spend their crypto assets directly.
Developed with CompoSecure and Baanx, the card leverages smart contracts and operates on Linea, a layer-2 solution on Ethereum, enabling real-world transactions in under five seconds.
The metal card is coming.
— MetaMask.eth 🦊 (@MetaMask) April 28, 2025
Those who are on the waitlist will have good news soon. 👀
Excited to be working with @CompoSecure @CL_Technology to get these out to the world! 🧡 https://t.co/MQ1rmHzvm7
Unlike traditional centralized exchanges, the self-custody model offers enhanced security—a timely move after Bybit’s $1.4 billion hack highlighted the risks of centralized platforms.
MetaMask’s card will enter a competitive market already populated by Binance, Bybit, Coinbase, and Crypto.com, all offering crypto debit cards with rewards like “crypto-back” incentives.
This initiative comes as MetaMask grapples with a decline in Ethereum ecosystem activity, with fee revenue falling significantly year-over-year according to Dune Analytics.
Meanwhile, crypto payments continue to gain traction in 2025, with luxury brands like Dorsia accepting cryptocurrencies, Signal exploring Bitcoin peer-to-peer payments, and New York proposing legislation to allow state crypto transactions.
MetaMask’s move reflects a broader shift in the crypto industry toward expanding real-world applications beyond trading and speculation.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
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