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MetaMask, the leading cryptocurrency wallet by user count, is set to launch a blockchain-based payment card in collaboration with Mastercard and fintech company Baanx. The MetaMask Card will initially be available to a select few thousand users in the European Union and the United Kingdom, according to ConsenSys, the wallet’s developer.
By the end of 2024, the company aims to increase the number of issued cards and expand their availability to other regions. MetaMask boasts over 30 million active monthly users, as reported by the developers.
“We saw a significant opportunity to make purchases for self-custody wallet users easier, more secure, and interoperable”
said Raj Dhamodharan.
The card functions like a standard debit card but allows purchases directly with digital assets held in MetaMask’s self-custodial wallet. This means users maintain control of their funds until the point of payment. Users will be able to spend their USDC, USDT, and wETH cryptocurrencies held on the Linea blockchain, an Ethereum layer-2 network developed by ConsenSys, which also developed MetaMask.
Sentiment: Positive
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