Introducing MetaMask Card: Upgrade Your Crypto Spending

With MetaMask Card, users can now spend their crypto anywhere Mastercard is accepted. This pilot is available to a limited group of users in the EU and UK only.

by Clarissa WatsonAugust 14, 2024
Introducing MetaMask Card:  Upgrade Your Crypto Spending Image

In an exciting development for crypto natives and everyday consumers alike, MetaMask, Mastercard, and Baanx (Crypto Life) have launched the pilot of MetaMask Card - the world's first Mastercard payment card that enables direct spending from your MetaMask wallet. Eligible users can now make everyday purchases with their crypto anywhere Mastercard is accepted.

“MetaMask Card pilot gives people more freedom to spend their crypto,” says Lorenzo Santos, Senior Product Manager at Consensys. “MetaMask Card represents a major step to removing the friction that has traditionally existed between the blockchain and real-world commerce. This is a paradigm shift that offers the best of both worlds.”

In line with this, Chief Commercial Officer at Baanx, Simon Jones says, “We are so delighted to partner with web3’s leading wallet, MetaMask, to power the financial revolution by enabling users to be their own bank.”

This pilot is available to a limited group of users in the EU and UK only. To find out if you're eligible, simply go to your MetaMask Portfolio and check if you have a "Card" tab in the navigation bar on the left side. Eligible users with the Card tab will be redirected to the Crypto Life platform to set up their account and card.

Accelerating Crypto Adoption by Removing Barriers to Spending

For too long, the process of spending crypto in the real world has been cumbersome and often requires jumping through several hoops like sending funds to an exchange, transferring it to a bank, and only then being able to spend. This tedious user journey has hindered mainstream adoption of crypto as a practical, real-world currency.

MetaMask Card upgrades this experience by eliminating the need for a bank to spend your crypto. This not only paves the way for increased adoption, it also aligns with the MetaMask vision of empowering people with self-custody.

Most traditional crypto cards operate similarly to prepaid cards, where one must transfer funds to a third party before spending them.

What makes the MetaMask Card unique is that it functions like a debit card. This means card holders can directly use the crypto in their MetaMask wallet for everyday purchases and maintain control over their funds until the exact moment of payment. MetaMask Card utilizes Mastercard's global merchant network, combined with the security of MetaMask and the efficiency of Linea secured by the Ethereum network. This trio brings a swift, cost-effective, and secure spending experience, whether online or for in store purchases.

A Phased Launch to Global Expansion of the MetaMask Card

The pilot phase is kicking off in the EU and the UK, offering a few thousand users the chance to sign up for a MetaMask Card, which includes integration with Apple Pay or Google Pay for immediate use. Eligible currencies at launch include USDC, USDT, and WETH on Linea.

Go to MetaMask Portfolio and check for the "Card" tab to see if you’re eligible. If you are, check out Getting Started with MetaMask Card for easy instructions on how to set up and use your card.

If you are not eligible during the pilot phase, but would like to be notified when you might be in the future, fill out this form.

Looking ahead, MetaMask Card is set to expand its reach, with plans for geographic expansion into additional regions. Stay tuned for more updates on MetaMask Card.

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