MetaMask Tests Mastercard Payment Card for Crypto Spending

According to CoinDesk, MetaMask is testing a Mastercard payment card, which it claims to be the first entirely on-chain card. This card will allow users to spend cryptocurrency on everyday purchases at locations where cards are accepted. MetaMask, a popular cryptocurrency wallet for the Ethereum blockchain, has over 30 million monthly active users. Mastercard, on the other hand, is a major player in the conventional financial system, with its credit and debit card network spanning the globe. The MetaMask/Mastercard payment card aims to be the first truly decentralized web3 payment solution. Mastercard and its rival Visa have been engaging with public blockchain developer communities and self-custody wallet providers recently. In October last year, CoinDesk reported that Mastercard was working with hardware wallet firm Ledger and MetaMask. Visa has been collaborating with the USDC stablecoin and the Solana blockchain on cross-border payments and addressing issues such as Ethereum gas fees. MetaMask developer Consensys did not immediately respond to a request for comment, while a Mastercard representative referred to the company's statement from October regarding its innovative products and solutions in the digital assets space.

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