Mastercard has partnered with Mercuryo to launch a crypto debit card in euros that allows users to spend cryptocurrencies like Bitcoin from self-custody wallets at over 100 million merchants globally.
This initiative follows Mastercard’s previous collaboration with MetaMask, which reflects the payments giant’s commitment to bridging traditional finance and blockchain technology.
Self-custody wallets allow users to take full control of their digital assets without relying on centralised platforms such as banks or exchanges.
Unlike custodial wallets, where a third party manages the security of funds, self-custodial wallets require users to be the sole custodian of their private keys.
Additionally, Christian Rau, Mastercard’s senior vice president of crypto and fintech capabilities, highlighted the company’s commitment to improving the self-custody wallet experience.
Mastercard’s expanding cryptocurrency services come with certain fees. The debit card issued by Mercuryo charges an issuance fee of €1.6, a monthly maintenance fee of €1 and a 0.95% fee for converting cryptocurrency into traditional currency.
Global banking heavyweight Banco Santander is quietly laying the groundwork to enter the stablecoin space, eyeing fiat-pegged digital tokens as part of a broader strategy to offer crypto services to retail clients.
Crypto exchange Bitget has introduced a new investment product, BGUSD, a yield-generating stable asset tied to real-world financial instruments like U.S. Treasury bills and top-tier money market funds.
A growing number of banks are quietly integrating Ripple’s blockchain infrastructure to improve cross-border transactions, opting for a hybrid model that doesn’t require replacing their legacy systems.
Several of America’s largest banks—including entities tied to JPMorgan, Bank of America, Citigroup, and Wells Fargo—are exploring the creation of a shared stablecoin, according to sources familiar with the discussions.