MetaMask Launches Crypto Payments Card Backed by Mastercard
MetaMask is entering the world of crypto payments with a new card that is based on self-custody and works with Mastercard. The new metal payment card was created jointly with CompoSecure and Baanx, which enables users to spend crypto directly from their MetaMask wallets, thus providing an option to centralised exchanges.
According to the announcement, unlike the earlier crypto cards, MetaMask’s new metal payment card can execute real-life transactions through smart contracts within five seconds. It operates on the Linea network, which is a layer-2 solution for Ethereum that makes the transactions faster and less costly.
The card is expected to provide additional protection to the holders of cryptocurrency after such exchange heists…
