Mastercard Mercury, a Bitcoin and Crypto Payments provider has launched a debit card in euro that allows users to use their non-custodial crypto and Bitcoin wallets to make purchases. as per Cointelegraph.
JUST IN: 🇪🇺 Mastercard launches euro non-custodial #Bitcoin Crypto debit cards are available.
Over 100 million merchants are registered with them🚀 pic.twitter.com/xpASRDrhVx
— Bitcoin Magazine (@BitcoinMagazine) September 5, 2024
This card allows European Bitcoin owners to use their wallets hosted by themselves at over 100,000,000 merchants worldwide without having to pay an intermediary.
Mastercard has nearly a billion customers across 210 countries. The company is attempting to integrate Bitcoin into its vast traditional payment infrastructure.
“We are providing consumers who want to spend their digital assets with an easy, reliable, and secure way to do so, anywhere Mastercard is accepted,” said Christian RauMastercard Senior Vice president of the crypto unit.
Cardholders can spend Bitcoin and other crypto by simply connecting their non-custodial wallet. The card allows users to avoid having their crypto and Bitcoin sold on exchanges before they spend, allowing them to keep full ownership. However, Mastercard’s card does have fees, including a €1.6 issuance fee, €1 monthly maintenance fee, and a 0.95% transaction fee.
By supporting non-custodial walletsMastercard is addressing a pain-point and allowing its users direct control over their Bitcoin and cryptocurrency. This move is in response to the growing number of people who prefer self-hosted exchanges instead of centralized ones.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com