Crypto holders in Europe will now be able to spend their crypto almost anywhere from the safety of their self-custodial wallets thanks to a new payment card from Mastercard.<\/p>\n
Mercuryo, a fintech platform for web3 firms, announced its collaboration with the payments provider on Thursday to launch \u201cSpend\u201d \u2013 a multi-chain crypto card and Mastercard that acts like a debit card.<\/p>\n
Per the announcement<\/a>, the payments card enables crypto payments with over 90 million merchants connected to Mastercard\u2019s network, and features seamless integrations with both Apple Pay and Google Pay.<\/p>\n \u201cLeading web3 wallets will soon offer Spend cards within their interface, allowing users to top up with crypto and spend fiat worldwide,\u201d Mercuryo said.<\/p>\n Mastercard has already introduced payment cards allowing users to spend their crypto with regular merchants, but they usually require partnerships with centralized exchanges<\/a> to work. This meant that crypto held by users was trusted with centralized institutions, defeating the purpose for which Bitcoin was initially built.<\/p>\n By contrast, Mercuryo says its new card provides a \u201cfast, cost-effective, and globally accepted \u201cway to convert crypto to fiat directly from their own wallets. It\u2019s compatible with multiple blockchain ecosystems including Ethereum, Solana, Injective, Near, ZKSync, Polkadot, and TON.<\/p>\n Users can maintain separate balances between their wallet and spend card. The latter can be immediately topped up by selling crypto from the personal wallet, which gets instantly converted into cash. By contrast, traditional \u201coff-ramping\u201d methods usually take 1 to 2 business days, before a users\u2019 funds appear in their bank account.<\/p>\n \u201cWe are actively working to expand our network and expect to add more wallet partnerships soon,\u201d Mercuryo said.<\/p>\n Spend is currently available European Economic Area (EEA), though it will be later rolled out to regions globally.<\/p>\n Last month, Ethereum mobile wallet Metamask also launched a debit card with Mastercard, enabling users to use Bitcoin and other assets to buy things at popular stores.<\/p>\n In June, Mastercard also introduce \u201cCrypto Credential<\/a>,\u201d allowing users of select crypto exchanges in Europe and Latin America to conduct cross-border transfers using easy-to-remember aliases instead of blockchain addresses.<\/p>\n The post Mastercard Launches Self-Custodial Crypto Payments Card<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto holders in Europe will now be able to spend their crypto almost anywhere from the safety of their self-custodial wallets thanks to a new payment card from Mastercard. Mercuryo, a fintech platform for web3 firms, announced its collaboration with the payments provider on Thursday to launch \u201cSpend\u201d \u2013 a multi-chain crypto card and Mastercard […]<\/p>\n","protected":false},"author":0,"featured_media":4006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4005"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4005"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4006"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Mastercard\u2019s Crypto Foray<\/h2>\n