Mastercard Introduces New Crypto Debit Card for European Users

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.

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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.

Alexander Stefanov