Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»HACKING NEWS»MetaMask Partners with Mastercard for Self-Custodian Debit Card Pilot Program
HACKING NEWS

MetaMask Partners with Mastercard for Self-Custodian Debit Card Pilot Program

By Crypto FlexsAugust 14, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MetaMask Partners with Mastercard for Self-Custodian Debit Card Pilot Program
Share
Facebook Twitter LinkedIn Pinterest Email
  • MetaMask and Mastercard launch self-custody debit card pilot program in UK and EU
  • The card uses smart contracts to convert cryptocurrencies into fiat currency at the time of transaction.
  • The card aims to increase financial inclusion and will be rolled out to other regions over time.

MetaMask, a leading cryptocurrency wallet company, has launched a self-custody debit card pilot program in partnership with Mastercard and digital payments company Baanx.

Initially available only to users in the UK and the EU, the card allows customers to safely store digital assets until the exact moment a transaction takes place, where they are automatically converted into fiat currency for settlement.

The pilot program could expand to other regions over time, potentially revolutionizing how crypto assets are used in everyday transactions.

How does MetaMask debit card work?

Self-custody debit cards represent a major step forward in integrating cryptocurrencies into the mainstream financial system.

When a MetaMask card is used at a retail store, online store, or other merchant, an on-chain transaction is initiated, transferring tokens from the user’s wallet to the “Crypto Life” smart contract. This smart contract authorizes the transaction via the POS system, ensuring a seamless conversion from cryptocurrency to fiat currency, which is then processed via Mastercard’s payment network.

Users are free to choose which crypto assets to use for payments and can even decide where to store their private keys.

Increasing financial inclusion

The MetaMask debit card fits into the broader goal of increasing financial inclusion, especially with over a billion people worldwide unbanked, according to the World Bank.

Simon Jones, Baanx’s chief commercial officer, highlighted the technology’s potential to provide essential financial services to anyone with a mobile phone. This vision could dramatically improve accessibility in areas where banking infrastructure is limited.

Moreover, with inflation skyrocketing in countries like Argentina, this card provides a practical solution for individuals looking to protect their wealth by converting their cryptocurrency assets into stable fiat currencies.

The MetaMask pilot project could be an important step towards widespread adoption of cryptocurrencies into everyday life, especially in a high inflation environment.


Share this article

Category

Tags

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana-packee blockchain manually spreads

September 3, 2025

Are you ready to token everything?

September 1, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025
Most Popular

Will Worldcoin break through $6.2 or will it fall? Key metrics include:

May 30, 2024

TON ecosystem is riddled with phishing attacks, SlowMist warns

June 24, 2024

DEEPSEEK AI pressure close to this major demand area

January 29, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.