MasterCard and Mercuryo have launched a multi-chain debit card, allowing users to spend their cryptocurrency directly from their wallets. This MasterCard functions as a debit card, available to use across MasterCard’s 100 M+ network of merchants. It integrates with both Apple Pay and Google Pay.
How it works the MasterCard Web3 Card
MasterCard and Mercuryo joined forces and made a new credit card who offers easy and safe way to access crypto-money of their consumer’s digital wallets. The new step who makes it simple for Web3 wallet user to access their self-custody crypto balances and spend in across 100 million+ acceptance locations anywhere where MasterCard is accepted. One of the most important mission of MasterCard is to adopt the self-custody crypto. Self-custody is the core concepts of cryptocurrency, providing a method of storing assets without depending on any centralized platform, such as a bank or an exchange.
This new Crypto debit card will allow all users of cryptocurrency to directly buy goods and services from their wallet. Bypassing the expenses as converting crypto into fiat, Bank restrictions when dealing with crypto, Long waiting times and cumbersome processes, High transaction fees and unfavorable exchange rates.
Spending will be possible as a multi-chain card is compatible with various block chains like Ethereum, Solana, Injective, Near, ZKsync, Polkadot, TON, and more. This flexibility allows users to spend their crypto assets across different chains seamlessly.
Marcuryo has make not only to work with plastic card but also to open up a virtual debit card who empower crypto holders to use their assets effortlessly in everyday transactions.
And the most important thing for now the new MasterCard-crypto card incurs several commissions set by Mercuryo, including the 1.6 euro ($1.8) issuance fee and the 1 euro ($1.1) monthly maintenance fee set by in addition to the off-ramp 0.95% fee levied by the firm.