Mastercard has launched a new Euro crypto debit card in collaboration with Mercuryo, allowing users to spend cryptocurrencies directly from their self-custodial wallets at over 100 million merchants across Europe. This move represents a significant step towards integrating digital assets into everyday transactions.
Mastercard and Mercuryo aim to simplify crypto use in daily life with this new card, eliminating the need for intermediaries. Christian Rau from Mastercard emphasized, “At Mastercard, we are working closely with partners to innovate and enhance the self-custody wallet experience.”
The card emphasizes self-custody, giving users control of their private keys for enhanced security. However, there are fees associated with the card: a €1.60 fee for issuance, a €1 monthly maintenance fee, and a 0.95% charge per transaction by Mercuryo.
This initiative is part of Mastercard’s broader strategy to integrate crypto into mainstream finance. By partnering with various crypto companies, Mastercard is demonstrating its long-term commitment to digital assets.
Rau added, “Through our collaboration with Mercuryo, we’re removing traditional barriers between blockchain and conventional payments, offering a simple, reliable, and secure way for consumers to spend their digital assets wherever Mastercard is accepted.”
As the Euro crypto debit card enters the market, it could accelerate the mainstream adoption of cryptocurrencies, offering a familiar payment method and addressing technical challenges that have previously hindered wider use.
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