The partnership highlights the rising importance of self-custody in crypto, a system that lets people handle their own money without depending on banks or other centralized agencies. This card lets users fully manage their digital assets and makes it easy and safe to change crypto into regular money that can be used for everyday purchases.
According to Christian Rau, senior vice president of crypto and fintech development at Mastercard, the goal of this relationship is to remove any barriers that exist between blockchain technology and standard payment methods. Users can use their digital assets safely and easily anywhere Mastercard is accepted.
The new card has some small fees. There is a €1.60 fee to get the card, a €1 monthly fee to keep it active, and a 0.95% purchase fee. Even though it costs a lot, the card is good for crypto fans who would rather manage their money through non-custodial wallets instead of standard markets.
Mastercard’s ongoing support for cryptocurrency and self-custodial wallets shows that it is dedicated to pushing the limits of digital payments. This makes cryptocurrency easier for more people around the world to access and use.
Mastercard and Mercuryo have teamed up to make a crypto debit card that works with euros. This card lets users spend Bitcoin and other cryptocurrencies straight from wallets that they hold themselves. The card can be used at more than 100 million stores around the world, making it a safe and easy way to change cryptocurrency into cash for everyday spending.
