Ethereum-based renowned cryptocurrency wallet MetaMask is reportedly experimenting with an entirely on-chain payment card, in partnership with Mastercard. As per the promotional materials, this payment card will work on Mastercard’s giant network and issued by Baanx.
MetaMask on Decentralized Web3 Payment Solution
The potential collaboration between MetaMask and Mastercard brings together two industry giants. MetaMask boasts the largest self-custody wallet with over 30 million monthly active users. On the other hand, Mastercard plays a vital role in the traditional financial system with its widespread credit and debit card network.
The marketing materials accessed by CoinDesk show that MetaMask/Mastercard payment card would be “the first ever truly decentralized web3 payment solution,” allowing users to spend their crypto “on everyday purchases, everywhere cards are accepted”.
In recent times, both Mastercard and its competitor Visa have been actively engaging with public blo
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