Crypto wallet developer MetaMask is set to begin launching its blockchain debit card developed in partnership with Mastercard. Indeed, the company announced the MetaMask card as, “the world’s first Mastercard debit card that enables instate spending directly from your self-custory wallet.”
The move is a massive moment for blockchain integration. Indeed, it is set to bridge gaps between cryptocurrency holding and everyday spending. Moreover, a pilot version of the card is set to launch to a limited group of users in the EU and UK, according to a press release.
Also Read: MetaMask Launching ‘Smart Transaction’ Feature This Week
MetaMask Launches Crypto Debit Card With Mastercard
The crypto market has taken massive strides this year. The US has seen two crypto-based ETFs be approved and launched. Both Bitcoin and Ethereum have set the tone with increased institutional investment and interest from traditional finance entities.
That has now extended to crypto custody. Indeed, MetaMask is launching its new blockchain-based debit card in partnership with Mastercard. The global payment firm is among the most popular card options. It is among the most used payment systems, with more than 1.1 billion cards actively in circulation. Those cards will now get a crypto integration.
Also Read: Mastercard launches Crypto Credential: Users Can Send Crypto By Username
“MetaMask Card pilot gives people more freedom to spend their crypto,” Consensys senior product manager Lorenzo Santos said. Moreover, he said the card, “represents a major step to removing the friction that has traditionally existed between the blockchain and real-world commerce.”
Additionally, Santos described the card as “a paradigm shift that offers the best of both worlds.” The move is certainly a massive step forward for the market as a whole. Specifically, it eliminates the need for traditional banking. It allows crypto holders to spend their digital assets directly.