• Mastercard and Mercuryo’s new euro crypto debit card lets users spend Bitcoin and Ethereum via Trust Wallet and MetaMask.
  • With Mastercard’s 100M+ merchant network, the euro-based card enables global crypto spending anywhere Mastercard is accepted.
  • The card comes with fees: €1.6 issuance, €1 monthly, and 0.95% for withdrawals, ensuring smooth and controlled crypto transactions.

Mercuryo has struck a deal with Mastercard and now launches the first ever Mastercad debit card for inherited collected value of cryptocurrencies in euros. Starting with non-custodial wallets such as Trust Wallet, and MetaMask users will be capable of spending cryptocurrencies like Ethereum and Bitcoin. This allows you to be able to pay more easily by card and keep full control of your digital assets at the source.

Learn more about Spend 👉​ https://t.co/jtr9a1V3iu

— Mercuryo (@Mercuryo_io) September 5, 2024

Global Reach and Seamless Integration

Moreover, Mastercard’s global payments network now supports over 100 million merchants worldwide. Consequently, cardholders can make purchases with crypto anywhere Mastercard is accepted. The launch follows an August 2024 pilot program, which tested non-custodial crypto spending with MetaMask. Mastercard and Mercuryo completed the trial and have now officially launched the euro-based card.

Additionally, Mercuryo will handle the card’s infrastructure to ensure smooth crypto transactions. Christian Rau, Mastercard’s Senior VP, emphasized the partnership’s significance. He highlighted how it eliminates traditional barriers between the crypto economy and conventional payments, further simplifying the use of digital assets.

However, the card’s usage comes with certain fees. Users will face a €1.6 issuance fee, a €1 monthly maintenance fee, and a 0.95% withdrawal fee. These charges are essential for maintaining the card’s functionality and ensuring seamless transaction processing .

Commitment to Non-Custodial Spending

Mastercard’s expanding dedication to facilitating non-custodial spending is shown in its cooperation with Mercuryo. Senior executive Raj Dhamodharan of Mastercard pointed out that self-custody makes cryptocurrency transactions easier and enables customers to avoid centralized exchanges. Because of its advantages in terms of control and security, many users favor this method.

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Mastercard first entered cryptocurrency in February last year with an official announcement to support them. Its range of bitcoin solutions has only been expanded through strategic partnerships from Coinbase, Circle, and Moon Pay.

As companies utilize stablecoins for cross-border transactions more frequently, Mastercard is committed to advancing blockchain-powered payments and self-custody solutions despite regulatory obstacles.

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