MetaMask Card Goes Live in the U.S., Enabling Crypto Payments with On-Chain Rewards

• MetaMask and Mastercard have launched the MetaMask Card in the U.S for spending self‑custodied crypto.
• MetaMask Card will be accepted at over 150 million merchants and earn up to 3% in on-chain rewards.

MetaMask and Mastercard have collaborated to launch the new MetaMask Card across the United States, including New York for the first time, allowing crypto users to spend digital assets as simply as traditional card use. 

According to the official release made on February 26, a leading Ethereum software technology company, Consensys, today announced the General Availability (GA) of the MetaMask Card. The MetaMask Card connects users’ self-custodied digital assets directly to a regulated payment network, allowing them to keep control of their funds in their MetaMask wallet until the point of purchase. 

The card may be used anywhere Mastercard is accepted, including online, in-store, and through Apple Pay and Google Pay, making cryptocurrency payments as simple as regular card transactions.

With that, Gal Eldar, Product Lead at MetaMask, said, “We designed MetaMask Card to make crypto disappear. Not go away, but become so seamlessly woven into daily life that the line between onchain and offchain fades away entirely.” Further, “with Mastercard’s global network behind us, we’re getting closer to a world where spending crypto is something you don’t even think about–it just works.”

Rewards and Yield Features

As part of the launch, MetaMask is also introducing the premium MetaMask Metal Card, which costs $199 per year and provides an upgraded physical card experience as well as additional awards and advantages linked to its digital wallet ecosystem. 

According to the release, the MetaMask Card will be accepted at over 150 million retailer locations worldwide, including both online and in-store. The major feature is that the cardholders can earn crypto rewards, with basic users receiving up to 1% back in mUSD and metal cardholders receiving 3% back, mainly on the first $10,000 spent per year.  

With that, the move is another step toward mainstream cryptocurrency adoption, as MetaMask and Mastercard aim to make digital asset spending as simple as swiping a standard bank card.

Highlighted Crypto News Today:

Australia’s Crypto Sector Pushes Forward Amid Structural Challenges