MetaMask and Mastercard Launch Revolutionary Self-Custody Crypto Card
One of the top self-custody wallet providers worldwide, MetaMask, has teamed with Mastercard to introduce a ground-breaking metal payment
Quick overview
- MetaMask has partnered with Mastercard to launch a revolutionary metal payment card that enables direct spending from self-custody wallets.
- Set to be released globally in Q2 2025, the card allows for quick and secure transactions without the need for pre-loading or converting crypto to fiat.
- This innovation aims to bridge the gap between digital assets and everyday finance, enhancing the usability of cryptocurrencies in daily transactions.
- The MetaMask card stands out in a competitive market by prioritizing user control and security, especially in light of recent security breaches at centralized exchanges.
One of the top self-custody wallet providers worldwide, MetaMask, has teamed with Mastercard to introduce a ground-breaking metal payment card that closes the gap between digital assets and regular expenditure in a major advancement for the acceptance of cryptocurrencies.
Revealed on April 28 and planned to be released worldwide in the second quarter of 2025, the MetaMask Metal Payment Card marks a paradigm change in how owners of cryptocurrencies could make actual use of their digital assets. Unlike conventional crypto cards that call for pre-loading money or converting crypto to currency before spending, the new card allows users pay straight from their self-custody MetaMask wallets.
“The future of non-custodial neobanking is here,” said Simon Jones, Chief Commercial Officer at Baanx, one of the cooperation partners alongside CompoSecure. ” Spending crypto will be as simple as tap-to-pay thanks to our relationship with Mastercard and MetaMask. Just flawless, instantaneous transactions; no conversions, no delays, no middlemen.”
How Does the MetaMask Metal Payment Card Work?
Operating on the Linea network, which Ethereum locks, the card allows quick and reasonably priced worldwide transactions. Under five seconds, a smart contract easily checks and authorizes blockchain transactions, guaranteeing quick payment processing.
By ensuring users keep complete ownership of their digital assets until the moment of transaction, this non-custodial neobanking approach guarantees avoidance of the hazards connected with centralized exchanges or outside financial institutions. Mastercard’s worldwide payment network backs the card, therefore turning crypto into a flawless payment tool available anywhere Mastercard is accepted.
“For too long, crypto users have been locked out of daily finance,” MetaMask Product Manager Ale Machado stated. “That is changed by the MetaMask Card. Without compromising control or security, it lets millions of users globally at last close the distance between the blockchain and the real world.”
What Does MetaMask’s Card Mean for the Crypto Market?
The release falls at a period when MetaMask struggles inside the Ethereum ecosystem. According to Dune Analytics, the wallet collected just $289,312 in fees for the week of April 14, much less than the $1.3 million collected for the same period a year ago.
MetaMask moves into a competitive area of the cryptocurrency market with its new card. Crypto.com, Binance, Bybit, and Coinbase are among the major exchanges now providing crypto debit cards, some with “crypto-back” incentives letting users accumulate digital assets on transactions.
But MetaMask’s unique offering—self-custody—sets it apart from rivals. After security events at centralized exchanges—including a $1.4 billion hack at Bybit in February—this capability has attracted fresh interest.
Broader Crypto Payment Trends
By 2025, payments will be among the fastest-growing applications for cryptocurrency. While messaging software Signal is apparently looking at using Bitcoin for peer-to–peer transactions, luxury businesses like Dorsia have started embracing different cryptocurrencies. Legislation allowing the use of Bitcoin and other cryptocurrencies for state payments has been proposed in New York.
“The MetaMask metal payment card is a paradigm shift rather than just another crypto card,” said Jon Wilk, CEO of CompoSecure, the metal card manufacturer. “With billions of stablecoins already transacting across public blockchains, the MetaMask card represents the missing link that turns crypto from an investment into a true, daily currency like cash, anywhere, anytime.”
Leader in metal payment cards and security solutions CompoSecure (NASDAQ: CMPO) saw stock surge at Monday’s market open on the announcement, although it subsequently stabilized at its prior trading price around $10.80.
Positive legal news for MetaMask guides the card launch. The U.S. Securities and Exchange Commission decided in principle in February to drop its enforcement lawsuit against MetaMask and its parent firm, Consensys, which had claimed violations via MetaMask’s staking system.
The MetaMask Metal Payment Card is a major first in addressing the “last mile” issue that limits the practical use of cryptocurrencies as a daily payment method as they travel toward general acceptance.
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