MetaMask Launches Blockchain-based Debit Card

Bittime - MetaMask announced the launch of a blockchain-based debit card developed with Mastercard and crypto payments company Baanx. This is a big step in uniting the traditional and digital worlds. Read in full, come on!

Use of Metamask Debit Cards is Still Limited in the European Union and the UK

Initially, the MetaMask debit card will be introduced in a limited trial phase in European Union countries and the UK. However, the big plan is to expand coverage across the region and even conduct trials in other countries in the coming months.

Read also: Latest Tutorial on How to Easily Add Solana to MetaMask 2024

This collaboration marks the increasingly close relationship between traditional financial services and blockchain technology. 

Along with various institutions' efforts to convert traditional assets into digital assets, large companies in the payments sector are also competing to integrate blockchain technology into their systems.

Mastercard, through collaboration with Baanx, has succeeded in connecting traditional payment systems with crypto platforms. These include Ledger and decentralized exchange 1inch. 

Meanwhile, Visa also doesn't want to be left behind by partnering with Circle's USDC stablecoin. Additionally, they are also working with the Solana network to increase the efficiency of cross-border payments.

Metamask Card Functions Like a Traditional Debit Card

The MetaMask debit card basically works like a regular debit card. But, with a twist: users can pay directly using digital assets stored in the MetaMask wallet. 

This gives users complete control over their funds until the transaction is completed.

This card supports various crypto assets. This includes USDC, USDT, and wrapped ETH, which are all managed on the Linea blockchain – an Ethereum Layer 2 network developed by ConsenSys, MetaMask's parent company.

Read also: Consensys Luncurkan MetaMask Delegation Toolkit

With this step, MetaMask further solidifies its position as a leader in innovation in the crypto world. We look forward to seeing how this debit card develops and its impact on the global payments industry.

Shopping Using Crypto Gets Easier with MetaMask Card

One of the main advantages of the MetaMask Card is the ease of shopping. Users can immediately make purchases using the crypto stored in their wallet. 

Then, it is automatically converted into fiat currency (such as euros or pounds sterling). This card is also compatible with Apple Pay and Google Wallet, providing flexibility in everyday transactions.

The collaboration between MetaMask, Baanx, and Mastercard resulted in a breakthrough in the crypto world. This debit card offers freedom in managing digital assets with guaranteed security through the Mastercard network. 

In fact, Metamask says, "With MetaMask Card, every day can be crypto pizza day." This means you can buy anything using crypto assets easily. 

This step is expected to encourage mass crypto adoption. This provides broader financial access and changes the way we interact with digital assets.

MetaMask, Mastercard and Baanx Collaboration

The collaboration leverages Mastercard's expansive network, MetaMask's security, and Baanx's experience in building card technologies and programs, backed by the speed and cost efficiency of the Linea network running on Ethereum.

As an initial stage, only a select number of users in Europe and the UK will be able to experience direct shopping using crypto via MetaMask. 

For other users, don't worry, this card feature will be coming soon in the next few weeks. Just monitor your MetaMask portfolio and keep an eye on the 'Cards' tab to see if you qualify.

With MetaMask Card, everyday shopping becomes easier, safer and more flexible for crypto users.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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