In a new partnership, Mastercard is expanding its support for non-custodial cryptocurrency wallets. This collaboration allows users to spend their crypto assets while maintaining control over their funds, similar to being their own bank.
After testing a crypto debit card with the popular self-custodial MetaMask wallet in August, Mastercard is partnering with the European crypto payment infrastructure provider Mercuryo to further bridge the gap between traditional finance and the world of crypto.
The collaboration enables the use of a euro-denominated debit card that allows holders to spend cryptocurrencies, such as Bitcoin, stored in self-custodial wallets, at over 100 million merchants within the Mastercard network.
Self-custody, a fundamental principle of cryptocurrency, allows for the secure storage of assets without relying on a centralized platform, like a bank or exchange.
