MetaMask Expands U.S. Crypto Payment Card Program with Mastercard Amid 9% Fees and Centralization Concerns

Dec 22, 2024, 01:08 PM

MetaMask has expanded its U.S. pilot program for a crypto payment card, enabling users to make payments directly from their wallets. This development comes in collaboration with Mastercard. However, the launch has sparked criticism within the crypto community, with concerns over centralization and high fees, which are rumored to reach up to 9%. Critics argue that this move contradicts the foundational principles of cryptocurrency, which emphasize decentralization and avoiding traditional financial institutions.