MetaMask has launched the MetaMask Card, allowing users to spend cryptocurrency directly from their wallets via Mastercard.

Currently, this card is in a limited pilot phase for a select group of users in the European Union and the U.K.

The debit card enables users to maintain control of their crypto funds until a transaction occurs, converting digital assets to fiat for payments.

This pilot program aims to increase financial inclusion and is expected to expand to other regions in the future.

The MetaMask pilot specifically targets unbanked populations, particularly in regions experiencing high inflation.

Supported cryptocurrencies for the card include USDC, USDT, and WETH, and it is compatible with Apple Pay and Google Pay for seamless transactions.

When swiped, the card generates an on-chain transaction that facilitates real-time conversion of cryptocurrency to fiat currency using a smart contract.

Raj Dhamodharan from Mastercard highlighted the card's potential to enhance accessibility and security for self-custody wallet users.

The initiative addresses the challenges faced by over one billion unbanked individuals globally, as identified by the World Bank.

Simon Jones from Baanx emphasized that the partnership with MetaMask aims to empower users to manage their own finances.

The initial rollout is limited to users in the EU and UK, with plans for global expansion anticipated in the future.