MetaMask has announced the upcoming launch of a new metal payment card in partnership with Mastercard and Baanx. The card revealed in an April 28 press release by CompoSecure, is set for a global rollout in the second quarter of 2025. This development aims to make spending crypto for everyday purchases as seamless as using a traditional debit card.
The MetaMask card will allow users to pay directly from their self-custody wallets at millions of merchants worldwide, leveraging Mastercard’s extensive payment network. Unlike conventional crypto debit cards, users do not need to preload or convert assets in advance. Instead, a smart contract validates and processes each transaction on-chain at the point of sale, ensuring users maintain control of their assets until payment is made.
Ale Machado, MetaMask’s product manager, stated,
“For too long, crypto users have been locked out of everyday finance. The MetaMask Card changes that”.
This move is expected to enhance competition in the crypto card market, currently dominated by Binance, Coinbase, and Crypto.com, by prioritizing user control and security through the retention of assets in wallets until payment. The card is designed and secured by CompoSecure, a leader in metal card manufacturing, with Baanx contributing to the payment system development.
Powered by Consensys’ Linea blockchain, the card promises near-instant transactions, typically under five seconds, eliminating the long waits and reliance on centralized exchanges often associated with crypto payments. MetaMask’s team previewed the card at ETHDenver earlier this year, highlighting its potential to integrate crypto into daily life, from buying coffee to paying rent.
Meanwhile, PayProtocol’s imminent launch of a Mastercard-branded crypto debit card on April 30, a collaborative effort with SR Saphirstein AG, will facilitate crypto top-ups for purchases anywhere Mastercard is accepted, initially supporting PCI, ETH, and USDC with a monthly limit of 1,000 Swiss Francs.
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