The self-custody metal card solves the "last mile" problem, completing transactions in five seconds without intermediaries.
MetaMask officially announces its partnership with fintech companies CompoSecure and Baanx to launch the MetaMask metal payment card, expected to be globally released in the second quarter of 2025. This cryptocurrency payment card, supported by Mastercard, will allow users to spend funds directly from their self-custodied MetaMask wallet without preloading, converting cryptocurrency to fiat, or relying on centralized exchanges. All transactions will be authorized through smart contracts in five seconds, requiring users to simply store their cryptocurrency on the Ethereum Layer2 scaling solution Linea network.
Image source: MetaMask MetaMask has partnered with fintech companies CompoSecure and Baanx to launch the MetaMask metal payment card.
Baanx Chief Business Officer Simon Jones stated, "The era of non-custodial new banking has arrived. Our collaboration with MetaMask and Mastercard will make spending cryptocurrency as simple as tapping to pay. No conversions, no delays, no intermediaries, just seamless, instant transactions."
CompoSecure CEO Jon Wilk also emphasized, "The MetaMask metal payment card is not just another crypto card; it represents a paradigm shift. As the financial landscape evolves, the non-custodial new banking industry will redefine global commerce."
Directly challenging giants like Binance and Coinbase, crypto payments become the hottest application scenario in 2025.
MetaMask's move symbolizes its official entry into the cryptocurrency payment market, competing directly with major exchanges like Binance, Coinbase, Crypto.com, and Bybit, which have already provided crypto debit cards.
Among these competitors, some even offer "crypto cashback" rewards, allowing users to earn digital assets while shopping. MetaMask's new card adopts a self-custody model, providing a safer alternative for cryptocurrency holders after the incident in February where Bybit lost $1.4 billion due to a hack.
Notably, this move by MetaMask comes at a time when growth within the Ethereum ecosystem is slowing. According to data from Dune Analytics, the wallet only generated $289,000 in fees during the week of April 14, far below the $1.3 million from the same period last year.
Image source: Dune Analytics MetaMask only generated $289,000 in fees during the week of April 14, far below the $1.3 million from the same period last year.
However, payments have become one of the fastest-growing application scenarios for cryptocurrencies in 2025, providing real-world utility for digital assets. Luxury brand Dorsia has begun accepting various cryptocurrencies as payment methods, the messaging app Signal is reportedly exploring the adoption of Bitcoin for peer-to-peer transactions, and New York State has proposed a bill to legalize the use of Bitcoin and other cryptocurrencies for state government payments.
From beta testing to global launch, the MetaMask card addresses the "last mile" issue in cryptocurrency.
MetaMask first announced the pilot launch of its payment card in August 2024 and showcased the metal card at the ETHDenver conference in March this year.
The cryptocurrency wallet stated in February this year that it will add support for Bitcoin and Solana in 2025 and plans to improve the user interface of its wallet application. By addressing the "last mile" issue, the MetaMask card aims to bring digital assets closer to mainstream use.
Meanwhile, Mastercard has partnered with several crypto companies to enhance its Web3 card program. This initiative aims to bridge the gap between the traditional financial system and decentralized finance by helping to integrate digital currencies like stablecoins into everyday payments. This collaboration follows the U.S. Securities and Exchange Commission (SEC) agreeing in principle to end its enforcement case against MetaMask and its parent company Consensys in February this year. The SEC had sued Consensys last summer, accusing the company of violating laws through its MetaMask staking service.
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'MetaMask cryptocurrency payment card is now online! Transactions can be completed in just 5 seconds, what other advantages does it have?' This article was first published in 'Crypto City'.
