Australian web3 startup Immersve has a new Mastercard offering that enables Australian and New Zealand users to pay with cryptocurrency using their Immersve Mastercard anywhere they see a Mastercard sign. Crypto cards are no longer novel. However, the distinctive Immersve feature is the crypto can be in a self-hosted wallet rather than being held at a crypto exchange.
To date, Mastercard and Visa offerings for crypto payments have invariably been tied to an exchange or company that holds the cryptocurrency in custody.
There was already a move to enable users to onramp or offramp fiat currency from crypto wallets directly, without going via an exchange. That was accelerated with the collapse of FTX.
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