MetaMask Launches Physical Visa Card: Bridging Crypto Assets and Everyday Spending

On April 23, the cryptocurrency wallet MetaMask announced that it would cooperate with Baanx to launch a physical Visa debit card “MetaMask Card”, which supports users to directly use the cryptocurrency in the wallet for offline and online consumption. The product is currently available for waitlist registration for users in the UK and EU, and will be expanded to more regions in the future. Core function highlights: Seamless payment experience: After connecting to the MetaMask wallet, the cryptocurrency will be automatically converted to fiat currency at the real-time exchange rate when consumingSupport mainstream currencies: compatible with common tokens such as ETH and USDC, no need to manually exchange Global Visa network coverage: It can be used in 90 million merchants, including Apple Pay/Google Pay and other mobile payment chains. “This is a key step in bringing Web3 into the mainstream consumption scene, so that crypto assets can truly have daily payment functions,” said the person in charge of the product at MetaMask, a centralized exchange. "The card does not charge an annual fee, but there will be a 2.49% processing fee per transaction. Industry significance: This partnership marks an important expansion of the ConsenSys ecosystem into traditional payments. With the successive launch of PayPal stablecoin and Stripe cryptocurrency entrance, the competition in the crypto payment track is becoming increasingly fierce. With 130 million monthly active users, MetaMask may become one of Visa’s largest traffic portals in the Web3 field.