MetaMask and Mastercard have officially launched the MetaMask Card across the United States, enhancing the bridge between cryptocurrency and conventional spending. The card allows users to spend directly from their wallets, with the prospect of earning up to 1% back in mUSD for standard users and up to 3% for premium members. Accepted at over 150 million Mastercard merchants, the card is compatible with Apple Pay and Google Pay.
Following successful pilots in Europe and the UK, MetaMask brings its self-custodial crypto payment card to 49 U.S. states, including New York. Users maintain control of their digital assets until transactions occur, with conversion and payment executed seamlessly at the point of sale.
Gal Eldar, MetaMask Product Lead, emphasizes the company's aim for cryptocurrency to become so integral to daily life that it becomes almost invisible in transactions. With contributions from FDIC-insured Cross River Bank and Monavate technology, the card's launch is part of a broader initiative to merge decentralized finance with traditional payment systems, preserving the self-custody ethos central to Web3. The feature of on-chain rewards and the integration into daily commerce signifies a leap forward for crypto's utility in the real world.
