Mastercard, MetaMask and Baanx have collaborated to provide a pilot debit card enabling users that self custody their cryptocurrency to spend it at retail outlets. The cryptocurrency is automatically converted to Euros or Pounds at the point of sale. Earlier this year MetaMask reported 30 million monthly active users.
Initially the card is digital only. However, given that in Europe it’s easy to use digital wallets such as Apple Pay and Google Pay, that’s a practical approach for the pilot.
While the card is a great step forward for crypto usability, other features of the pilot could affect usability. Some of these may disappear for the full launch.
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