MetaMask Launches pilot self-custody debit card with Mastercard
More than one billion individuals remain unbanked or without adequate access to banking services, according to 2022 data from the World Bank.
Popular DeFi wallet MetaMask has partnered with Mastercard and digital payments company Baanx to launch a self-custody debit card pilot program for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time.
The card allows users to self-custody their funds until the moment the transaction is processed and the customer’s digital assets are converted into fiat for payment at retail outlets, online shopping outlets, and other merchants.
In a statement to Cointelegraph, Lorenzo Santos, senior product manager at Consensys explained that users need to hold their crypto on the Linea network and use Linea to set spending limits on the card.
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Author: Vince Quill
