MetaMask to launch self-custody crypto card with Mastercard
29 Aprile 2025 - 12:41AM
Cointelegraph
Wallet provider MetaMask is launching a crypto payments card
that will allow users to spend self-custodied funds, offering
crypto holders additional ways to use their tokens.
The new card is backed by Mastercard and is being developed in
partnership with CompoSecure and Baanx, according to the company.
The product uses smart contracts to execute the IRL (In Real Life)
transactions, with a processing speed under five seconds. It
operates on the Linea network, a layer-2 scaling solution on
Ethereum.
The companies
marketed the self-custodied crypto card as an alternative to
the potential risks associated with centralized exchanges. In
February, the second-largest crypto exchange by volume, Bybit,
was hacked for
$1.4 billion, an event that sparked widespread consternation in
the crypto space.
With the launch of its card, MetaMask is entering a competitive
segment of the cryptocurrency market. Major exchanges like Binance,
Bybit, Coinbase, and Crypto.com already offer crypto debit cards,
some of which feature "crypto-back" rewards that allow users to
earn digital assets on their purchases.
MetaMask has struggled lately as interest in and participation
in the Ethereum ecosystem have dried up. According to Dune
Analytics, the wallet collected just $289,312 in fees for the week
of April 14, much less than the $1.3 million in fees collected for
the same period a year ago.
Related: Spar
supermarket in Switzerland starts accepting Bitcoin
payments
Stablecoin, BTC payments growing use cases for crypto
Payments have emerged as one of the fastest-growing use cases
for cryptocurrencies in 2025, offering a way to bring real-world
utility to digital assets.
Luxury brands like Dorsia have begun
accepting various cryptocurrencies as payment, while messaging
app Signal is reportedly exploring adopting
Bitcoin for peer-to-peer transactions, and a bill in New York
has been
introduced to legalize the use of Bitcoin and other
cryptocurrencies for state payments.
Magazine: Bitcoin payments are being undermined
by centralized stablecoins
...
Continue reading MetaMask to launch self-custody
crypto card with Mastercard
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MetaMask to launch self-custody crypto card with
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