MetaMask, one of the most popular cryptocurrency wallets on the Ethereum network, has announced the launch of its new blockchain-based debit card. The product was developed in collaboration with payment giant Mastercard and cryptocurrency payments specialist Baanx.
Key facts:
The MetaMask card is now available as part of a limited pilot for a few thousand EU and UK users. A wide release is expected later this year.
Users will be able to directly pay for purchases with their crypto-assets such as USDC, USDT and wETH stored on the Linea blockchain, an Ethereum-based Tier 2 solution.
An important benefit of the new card is that users retain full control over their funds right up until the point of payment.
MetaMask users will now be able to spend their cryptocurrencies as easily as fiat money, without the need for prior conversion. Access to basic financial services will be greatly simplified, especially for users in countries with large unbanked populations.
submitted by /u/dll_crypto
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