MetaMask, a leading self-custodial wallet for Ethereum, is debuting a new blockchain-based debit card in partnership with Mastercard and Baanx.
This MetaMask Card will first be available in a pilot program featuring a few thousand digital-only cards for users in the EU and the UK. A broader rollout is expected later this year, with plans to expand into additional regions in the following quarters.
This move highlights the increasing overlap between traditional finance and blockchain technology. As institutions begin to tokenize conventional assets and financial giants explore blockchain integration, MetaMask’s initiative represents a significant step forward.
Mastercard has been working with Baanx on web3 payment solutions, while Visa has teamed up with Circle’s USDC and the Solana network to enhance cross-border transactions.
The MetaMask Card functions similarly to a traditional debit card but allows direct spending from digital assets stored in MetaMask’s wallet.
It supports transactions using USDC, USDT, and wETH on the Linea blockchain, an Ethereum layer-2 network developed by ConsenSys.
Ripple has chosen global banking giant BNY Mellon to act as the primary custodian for reserves backing its enterprise-grade stablecoin, Ripple USD (RLUSD).
Emirates Airline has taken a bold step toward embracing digital finance by signing a Memorandum of Understanding (MoU) with leading cryptocurrency platform Crypto.com.
Volkswagen’s autonomous driving division, Volkswagen ADMT, has announced a data-sharing partnership with Bee Maps, a cutting-edge spatial intelligence service built on the Solana blockchain.
The Dubai Financial Services Authority (DFSA) has given the green light to the QCD Money Market Fund (QCDT), making it the first officially approved tokenized money market fund within the Dubai International Financial Centre (DIFC).