Key Takeaways:
- MetaMask, Mastercard, and Baanx have launched a pilot for a self-custody debit card in Europe, starting with select users in the UK and EU.
- The card lets users control their digital assets until they are converted to fiat at the transaction point, with spending limits and crypto asset choices managed via the Linea network.
- The initiative aims to enhance crypto payment options, especially in high-inflation regions, and could extend banking services to over 1 billion unbanked people globally.
MetaMask, in collaboration with Mastercard and Baanx, has launched a pilot program for a self-custody debit card in Europe, starting with select users in the UK and EU.
This card allows users to retain control of their digital assets until they are converted to fiat currency at the point of transaction.
Introducing MetaMask Card: The world’s first Mastercard debit card that enables instant spending directly from your self-custody wallet. We’ve teamed up with @Mastercard and @BaanxGroup to bridge the gap between crypto and daily life.
— MetaMask 🦊🫰 (@MetaMask) August 14, 2024
With MetaMask Card, every day can be crypto…
By using the Linea network, users can set spending limits and choose which crypto assets to use for payments.
This initiative aims to provide financial services to the unbanked and enhance crypto payment options, particularly in regions facing high inflation.
💥BREAKING: Mastercard and MetaMask launch debit card. pic.twitter.com/yiKY1jqxO7
— Radar🚨 (@RadarHits) August 14, 2024
The program could play a significant role in extending banking services to over 1 billion unbanked people globally.
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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