London, August 14th, 2024 – Today, MetaMask (developed by Consensys), Mastercard, and Baanx announced the pilot launch of MetaMask Card, enabling users to seamlessly spend cryptocurrency globally wherever Mastercard is accepted. This digital-only card bridges self-custodial crypto wallets with traditional fiat transactions, eliminating the need for exchanges or bank transfers.
Breaking Down Barriers to Everyday Crypto Spending
Self-custodial wallet users historically faced friction when spending crypto:
- Transfer assets to an exchange
- Convert to fiat
- Move funds to a bank account
MetaMask Card simplifies this by:
- Allowing direct purchases from the MetaMask wallet
- Instantly converting crypto to fiat (EUR, GBP, etc.)
- Maintaining user custody until transaction completion
👉 Discover how MetaMask Card transforms crypto spending
Partnership Powering Innovation
This collaboration leverages:
- Mastercard’s global payment network
- MetaMask’s secure wallet infrastructure
- Baanx’s crypto card expertise
- Linea network’s low-cost Ethereum scalability
Visionary Perspectives
Lorenzo Santos (Consensys):
"MetaMask Card removes blockchain-payment friction, offering financial freedom with crypto."
Raj Dhamodharan (Mastercard):
"We’re bridging web2 and web3 seamlessly through collaboration."
Simon Jones (Baanx):
"Non-custodial neobanking empowers the unbanked via mobile access."
Phased Global Rollout
Pilot Phase:
- Limited to EU/UK users
- Supports USDC, USDT, WETH via Linea
- Digital-only, integrated with MetaMask Portfolio
Future Expansion:
- Full EU/UK launch by late 2024
- Regional pilots in subsequent quarters
Eligible users can check for the "Card" tab in MetaMask Portfolio or join the waitlist.
FAQs
Q: Which cryptocurrencies can I spend with MetaMask Card?
A: Initially USDC, USDT, and WETH; more assets planned.
Q: Is there a physical card option?
A: Currently digital-only, usable via mobile payment apps.
Q: How does the conversion to fiat work?
A: Crypto is converted at transaction time using real-time rates.
👉 Explore crypto payment innovations today
About the Partners
Consensys
A leader in blockchain software (MetaMask, Infura, Linea), driving web3 adoption since 2014.
Mastercard
Global payments innovator connecting 210+ countries with secure, inclusive digital economies.
Baanx
FCA-regulated crypto payments provider behind CL Card and 1inch Card, pioneering Trustless Banking as a Service.