Market News

US Crypto Users Embrace MetaMask's New Payment Card in Collaboration with Mastercard

MetaMask, a widely recognized crypto wallet from Consensys, has introduced a novel payment card service in the United States.

This card is unique as it is completely self-custodial, allowing users to maintain control of their digital assets until the transaction is finalized.

Developed in partnership with Mastercard, the MetaMask Card is designed to facilitate everyday purchases without requiring transfers to a centralized exchange.

Cardholders can enjoy cashback rewards, with standard users earning 1% and premium users earning up to 3%, adding an enticing incentive for crypto enthusiasts.

The card operates on the Monavate infrastructure and is compatible with major payment platforms like Apple Pay and Google Pay.

MetaMask has also launched a premium version of the card for an annual fee of $199, which includes additional benefits such as higher cashback rates.

The introduction of this card aims to normalize the use of cryptocurrencies for daily transactions in the U.S., modeling after traditional debit card usage.

With successful trials conducted in Europe, MetaMask looks to expand its offerings to underserved markets, particularly in urban centers like New York.

This launch is part of a broader push to integrate cryptocurrencies into day-to-day financial practices, enhancing the utility of digital assets.

The partnership with Mastercard marks a significant milestone for MetaMask, as it seeks to reshape how users interact with their crypto holdings in the real world.