- MetaMask integrates finance and blockchain.
- MetaMask Debit Card accepts USDC, USDT and wETH
- Expansion planned for other markets.
MetaMask, known for its widely used digital wallet, is setting the stage for a new milestone in its trajectory with the launch of an innovative cryptocurrency debit card. This product will initially debut in a pilot program restricted to a few thousand users in the European Union and the United Kingdom. The launch is expected to expand later this year, covering other regions in subsequent months.
This development is a clear demonstration of the increasing intersection between conventional finance and blockchain technology. With financial institutions beginning to tokenize traditional assets and large financial conglomerates exploring blockchain, MetaMask's new initiative is a notable advancement in the field.
Significant collaborations are also underway, with Mastercard working alongside Baanx to deliver web3-based payment solutions. In parallel, Visa collaborates with Circle's USDC and the Solana network to facilitate faster cross-border transactions.
The operation of the MetaMask crypto card is similar to that of a conventional debit card, with the difference of allowing the direct use of digital assets stored in the MetaMask wallet. It supports transactions with USDC, USDT and wETH cryptocurrencies through the Linea blockchain, an Ethereum layer 2 innovation created by ConsenSys.
We're proud to announce we've partnered with @MetaMask and @Mastercard.
Together, we're piloting the world's first Mastercard debit card that allows you to spend crypto directly from your MetaMask wallet!
Now available to a limited set of users in the EU and UK.
Seamless,… pic.twitter.com/6qExeD0FGj
— Baanx Group (@BaanxGroup) August 14, 2024