MetaMask Unveils Self-Custody Crypto Card in Partnership with Mastercard

MetaMask, a wallet service, is introducing a cryptocurrency payment card that enables users to utilize their independently managed funds for spending, providing those with digital assets more opportunities to leverage their tokens.

The latest card is supported by Mastercard and is being created in collaboration with CompoSecure and Baanx, as stated by the firm. This offering utilizes smart contracts for conducting IRL (In Real Life) transactions, completing them within less than five seconds. Its operations run on the Linea network, which acts as a layer-2 scaling solution built upon Ethereum.

The companies marketed The self-managed crypto card serves as an alternative to the potential hazards linked with centralized exchanges. In February, Bybit, which ranks as the second-biggest crypto exchange by trading volume, was compromised for $1.4 billion , an event that sparked widespread consternation in the crypto space.

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As it rolls out its own card, MetaMask is diving into a crowded sector within the cryptocurrency industry. Leading platforms such as Binance, Bybit, Coinbase, and Crypto.com have already introduced crypto debit cards with features like “crypto cashback” enabling customers to accumulate additional digital tokens through everyday spending.

Recently, MetaMask has faced challenges as enthusiasm for and engagement with the Ethereum ecosystem have waned. According According to Dune Analytics, the wallet amassed only $289,312 in fees during the week ending April 14, which is significantly lower compared to the $1.3 million in fees gathered for the equivalent week in the previous year.

Related: The Spar supermarket in Switzerland has begun allowing Bitcoin payments.

Stablecoins and Bitcoin payments expanding range of applications for cryptocurrencies

In 2025, payments have become one of the quickest expanding applications for cryptocurrencies, providing a means to infuse practicality into digital currencies.

Luxury brands like Dorsia have begun accepting different digital currencies for payments, whereas messaging app Signal is apparently looking into adopting Bitcoin For person-to-person exchanges, and legislation in New York has been implemented to legalize The utilization of Bitcoin and various digital currencies for governmental transactions.

The magazine states that Bitcoin transactions are being compromised by centralized stablecoins.