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.
There are over 100 MILLION retailers🚀 pic.twitter.com/xpASRDrhVx
— Bitcoin Magazine (@BitcoinMagazine) September 5, 2024
It allows European Bitcoin users to make purchases at Mastercard merchants around the world using their own wallets, without needing an intermediary.
Mastercard, a global payments giant with over 1 billion clients in 210 different countries is one of the biggest players on the market. 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 RauThe Senior Vice-President of Mastercard’s Crypto Unit.
It allows you to spend Bitcoin and other cryptos simply by linking a wallet that is not in your possession. 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 has addressed a significant pain point by allowing users to control Bitcoins and other crypto directly. This move is in response to the growing number of people who prefer self-hosted wallets instead of centralized exchanges.
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Source: bitcoinmagazine.com
