Mastercard 🤝 Metamask

More real world barriers are coming down with this crypto payment partnership!

Huge news in the cryptosphere!

MetaMask and Mastercard are teaming up to launch a crypto debit card, the Metamask Card. And that’s a big novelty, perhaps the biggest since the launch for Bitcoin and Ethereum ETFs!

What exactly is happening?

Both corporations are developing together a crypto credit card, but it has nothing to do with the one you may already have - covered with dust and forgotten in some drawer - nor all the ones currently in circulation!

This Web3 card compatible with a Web2 world will work like a traditional credit card but you can choose with which crypto held in your MetaMask you wish to pay!

All transactions happen on Linea, an Ethereum layer-2 network, guaranteeing security and fast processing.

When you go to a shop and want to make a payment with your Web3 card, you will be asked to choose with which coin you would like to spend. Crypto spending and transactions in general have the reputation (mostly true) of being inconvenient and expensive. Ever had to type these super long wallet addresses and ensure you chose the right one to perform a transaction, otherwise you lose it all?

Well… That way yesterday. Indeed…

… The fees are pretty reasonable

You will also be charged a minimal fee for each transaction: when you use stablecoins like USDC and USDT, you’ll be charged the Linea gas fee, which is variable, but typically $0.02. When you use a non-stablecoin like WETH, you’ll be charged the Linea gas fee, which is variable, but typically $0.02. You’ll also be charged a swap fee of 0.875%.

It’s enormous news because it enhances mainstream adoption of crypto. Almost every store accepts Mastercard and now you will be able to spend in a swipe your crypto coins just like you do with your Mastercard.

This should also increase the number of transactions on the Ethereum chain, boosting the price of Ether, its native cryptocurrency. It’s one of my top holdings because of the number of applications on the chain - plus we start seeing more and more real world accesses like ETFs and now this Metamask Card.

What do you think? Bullish for crypto?

You may already know but some of my other favorite cryptos currently in my portfolio are Hedera, Cardano, Bitcoin and... Ethereum of course!

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