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.

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.