MetaMask, Mastercard, and Baanx Launch Crypto Debit Card in EU and UK

Aug 14, 2024, 01:53 PM

MetaMask, in partnership with Mastercard and Baanx Group, has launched a new blockchain-based debit card. This innovative card allows users to spend cryptocurrency directly from their MetaMask wallet, converting it to fiat currency at the point of sale. The card is initially available as a pilot program for users in the European Union and the United Kingdom. This development marks the first time a Mastercard debit card enables instant spending from a self-custody crypto wallet, bridging the gap between digital assets and everyday transactions. The pilot is being rolled out on the Linea Mainnet, and MetaMask is developed by ConsenSys.