#Metamask
The MetaMask Card is a debit card launched by MetaMask that allows users to spend their cryptocurrencies directly from their MetaMask wallet anywhere Mastercard is accepted.
This initiative, backed by Mastercard and developed in partnership with Baanx and CompoSecure, aims to facilitate the everyday use of crypto assets and is considered a significant advance towards the mass adoption of cryptocurrencies.
Implementation of the MetaMask Card:
The card is referred to as a self-custodial crypto wallet, meaning that the user has full control of their keys and assets. It does not initially require an email association but consists of a 12-word seed phrase.
It is available in early access phase in Argentina, Brazil, Colombia, Mexico, Switzerland, the United Kingdom, and the United States (excluding New York and Vermont). In Argentina, the virtual card is currently the only option available, which can be used through Apple Wallet or Google Wallet. The physical "MetaMask Metal Card" is expected to launch in a limited way soon in the second quarter of 2025. It works as a Mastercard virtual card, directly linked to your MetaMask wallet.
Transactions operate on the Linea network, a Layer 2 scaling solution on the Ethereum blockchain developed by ConsenSys (the parent company of MetaMask).
The tokens that can currently be spent via the card include USDC, aUSDC, USDT, WETH, EURe, and GBPe on the Linea network. MetaMask plans to add more tokens and networks in the future. If you do not own these tokens, you can convert them in a single step within your MetaMask wallet.
To obtain the virtual card, you must request it on the MetaMask page, confirm your email and mobile number via codes, and verify your identity (with photo/video and document capture). Then, you follow the steps to link it to your mobile device and use it with Apple Wallet or Google Wallet.
.Benefits of the MetaMask Card:
It allows you to spend crypto assets for everyday purchases in real life (IRL) anywhere Mastercard is accepted.
The main advantage is that it allows you to pay directly from your self-custody MetaMask wallet, without the need to transfer funds to third parties, preload fiat money, or use centralized exchanges. This reduces the risk of your assets being frozen or delayed. Unlike operating through centralized exchanges, you maintain full control of your funds. It offers rewards for purchases, including a small percentage of cashback (1%).... Specifically, it mentions the possibility of earning a 1% cashback in USDC for purchases made in USDC.
It stands out for its security, being a self-custody wallet and backed by the reputation of MetaMask as a secure wallet.
It allows integration with Apple Pay and Google Pay for convenient mobile payments. The limited edition MetaMask Metal Card will offer premium rewards, access to exclusive events, and surprise benefits.