Mastercard, MetaMask Launch Self-Custody Crypto Card in US
MetaMask launched its self-custodial Mastercard crypto card across 49 US states, including New York, allowing users to spend crypto directly from their wallet.Summary
MetaMask, the self-custodial cryptocurrency wallet, has announced the general availability of its Mastercard-enabled spending card across the United States, initially launching in New York. This launch follows earlier pilots and expands availability beyond Argentina, Brazil, Canada, Mexico, Switzerland, the UK, and the EEA, with Vermont being the only US state excluded initially. The card, built in partnership with Monavate and utilizing Mastercard's network, is issued by Cross River Bank and allows users to spend crypto anywhere Mastercard is accepted, online or in-store, compatible with Apple Pay and Google Pay.
The core feature distinguishing the MetaMask Card is its full self-custody, meaning users retain control of their digital assets in their MetaMask wallet until the exact moment of payment, unlike custodial cards that require pre-loading funds onto an exchange account. The standard card is virtual, but a physical 'Metal Card' is available for a $199 annual subscription, offering benefits like 3% cashback on initial spending and higher limits. This launch represents a continuation of Mastercard's expanding crypto partnerships.
(Source：Cointelegraph)