Coinspeaker
MetaMask Wallet and Mastercard Testing On-chain Payment Card Issued by Baanx
In a bid to enable seamless adoption of Web3 protocols and digital assets, Consensys-backed and Ethereum-based Web3 wallet MetaMask intends to launch a Mastercard-enabled on-chain payment card. The MetaMask-backed on-chain payment card will be issued by a financial technology platform Baanx Group Ltd., which recently closed its series A funding round with $20 million.
Worth noting that Baanx is a London-based payments specialist that is authorized by the United Kingdom’s Financial Conduct Authority (FCA). As a result, the MetaMask-backed on-chain payment card will be largely regulated to ensure sustainable future growth prospects.
Furthermore, different companies are working on various payment products that will enable transparency in the Web3 and digital assets space.
“Mastercard is bringing its trusted and transparent approach to the digital assets space through a range of innova
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