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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Carrieverse and Disney Ink Content Deal

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    NFT sales surge to $574 million in July, second-highest in 2025

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    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

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    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

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    NFT sales skyrocket 40% to $221m, CryptoPunks jump 590%

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    CryptoPunks and Pudgy Penguins Secure Top Positions

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    How to differentiate NFTs from memecoins

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    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

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    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

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    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

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    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Web 3

MetaMask Card: Bridging Blockchain and Everyday Commerce

August 16, 2024
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MetaMask Card: Bridging Blockchain and Everyday Commerce
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MetaMask has taken strides toward making cryptocurrencies more user-friendly for everyday purchases, in a partnership with Mastercard and Baanx, by releasing the MetaMask Card. Right now, the card is being trialled with a few thousand cards in the UK and EU, but it mostly works like a debit card that simply uses your cryptocurrency holdings to make purchases from your self-custodial wallet.

A Focus on Security and Privacy

Typical challenges of spending crypto outside the crypto world include having to transfer crypto to an exchange, convert it to Fiat, and then send it to a traditional bank account. However, the MetaMask Card works like a self-custody debit card where users can make purchases directly from their MetaMask wallet.

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Linea is the backbone for the operations of this card. As the Linea network processes transactions, the cryptocurrency held by the user is converted into the currency of choice, enabling payments to be made in both virtual and physical locations. Moreover, users keep custody of their funds until the transaction takes place.

Source MetaMask

The MetaMask Card allows users to use various cryptocurrencies as part of their normal spending. At the moment, the card supports three different cryptocurrencies, albeit ones that are widely used: USDC, USDT, and WETH. Users must keep their crypto on-chain within the Linea network and use MetaMask to set spending limits for the card.

“This gives people more freedom to spend their assets; in this case, crypto,” says Lorenzo Santos, senior product manager at Consensys. “MetaMask Card represents a major step to removing the friction that has existed between the blockchain and traditional payments. This is a paradigm shift that offers the best of both worlds.”

See also  Vodafone and Sony to combat supply chain fraud with blockchain

Expanding the Use of Cryptocurrencies in Everyday Transactions

The MetaMask Card is enabled by the widespread network of Mastercard and the inventive technology of Baanx, making it another way to convert cryptocurrencies to spendable cash. The MetaMask Card is a unique collaboration between these three companies.

When you look at the partnership from a different angle, it also shows us the future. And that is one where we’re able to use our cryptocurrencies in more places, more often, and with greater safety and convenience.

Simon Jones, chief commercial officer for crypto payments company Baanx, which is collaborating with Mastercard on the Web3 card initiative, explains, “Anybody who has access to a mobile phone should be able to get access to a basic range of financial services by default. This would have huge implications in countries with large numbers of unbanked or underbanked individuals.”

While MetaMask looks toward the future, the development of the MetaMask Card could have an effect on how we use crypto in everyday life. For those who are on the frontier of cryptocurrency adoption, you can receive a notification about potential eligibility for trying out the MetaMask Card; they can register for the waitlist by filling out this form.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.

  • Jason Newey

    Jason Newey is a seasoned journalist specializing in NFTs, the Metaverse, and Web3 technologies. With a background in digital media and blockchain technology, he adeptly translates complex concepts into engaging, informative articles.

    View all posts

Tags: BlockchainBridgingCardCommerceeverydayMetaMask

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