MetaMask Mastercard Goes Live in US With On-Chain Rewards, Even In New York

MetaMask has launched a new payment card program in the United States in partnership with Mastercard, featuring on-chain rewards and notably including New York residents despite the state's strict crypto regulations. Users can immediately access a Virtual Card or pre-order the MetaMask Metal Card, which offers 3% cashback on the first $10,000 spent and zero foreign transaction fees. The program introduces a new rewards layer where everyday activity generates points redeemable for ecosystem perks like discounts or token allocations. This launch positions MetaMask to compete directly in payments by integrating self-custody wallet management with Mastercard's merchant network, aiming to keep users within the crypto ecosystem, though practical considerations like taxable events from crypto-to-fiat conversion remain.

(Source：BeInCrypto)