MetaMask, the popular self-custodial crypto wallet for the Ethereum (ETH) network, is starting the rollout of its debit card developed in partnership with Mastercard and fintech platform Baanx.
The card enables direct spending from customer’s MetaMask wallet. Eligible users will be able to make everyday purchases with their crypto anywhere Mastercard is accepted.
The MetaMask Card will initially be available to a limited group of users in the EU and UK only.
“MetaMask Card pilot gives people more freedom to spend their crypto,” says Lorenzo Santos, Senior Product Manager at Consensys. “MetaMask Card represents a major step to removing the friction that has traditionally existed between the blockchain and real-world commerce. This is a paradigm shift that offers the best of both worlds.”
In line with this, Chief Commercial Officer at Baanx, Simon Jones says, “We are so delighted to partner with web3’s leading wallet, MetaMask, to power the financial revolution by enabling users to be their own bank.”