MetaMask Expands U.S. Rollout of Blockchain-Based Debit Card Following Year-Long Pilot
MetaMask's blockchain debit card now available nationwide, integrating with Apple Pay and Google Pay, and supporting cashback rewards in the MetaMask ecosystem.
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Fact Check
The claim that MetaMask has formed a partnership with Mastercard to introduce a self-custody crypto payment card in the United States is only supported by a single moderately authoritative secondary source that refers to a 'MetaMask in partnership with Mastercard and Baanx' mention. This source appears speculative and lacks a direct link to any official statement or press release from MetaMask, Mastercard, or ConsenSys. Other moderately credible business and crypto outlets discussing Mastercard’s DeFi and stablecoin hiring efforts offer background context but do not corroborate this partnership. One reference suggesting MetaMask intends to enable payments through Mastercard merchants shows conceptual alignment with the idea but fails to confirm an actual, formal partnership or product launch. The absence of confirmation from high-authority sources such as Fortune, Yahoo Finance, or official corporate channels indicates that this partnership claim remains unverified. Therefore, while there are hints that discussions or exploratory collaborations might exist in the crypto payments space, the evidence is not robust enough to confidently assert that MetaMask and Mastercard have formally partnered to release a self-custody payment card.
Summary
MetaMask has launched a nationwide rollout of its blockchain-based debit card, following a successful year-long pilot. The card is now accepted wherever Mastercard is used, integrates with Apple Pay and Google Pay, and offers cashback in crypto, with premium options available. This rollout follows a successful trial in Europe and the U.K., and MetaMask’s expansion into the U.S. market includes a partnership with Mastercard and Baanx. The card supports USDC, USDT, and wETH for payments and offers yield options on unspent balances via DeFi protocols.
Terms & Concepts
- Blockchain-Based Debit Card: A payment card that allows users to spend cryptocurrency directly without transferring it off-chain, maintaining control over assets until the transaction is made.
- Mastercard: A global payment network enabling card transactions, now integrated with blockchain-based payment solutions like MetaMask's debit card.
- DeFi Protocols: Decentralized finance protocols that operate on blockchain networks to provide services such as lending, borrowing, and earning yield on cryptocurrency holdings.