- Debit card enables users to spend crypto directly from their wallets.
- Non-custodial wallets allow crypto storage, spending without intermediaries.
- Card can be used across Mastercard’s 100 million-plus global network of merchants
Mastercard is collaborating with crypto payments provider Mercuryo on a euro-denominated debit card called Spend that enables users to pay with crypto directly from their wallets, according to a Mercuryo news release.
Such non-custodial wallets allow users to store their crypto without relying on centralised platforms such as exchanges or banks.
The Spend card can be used across Mastercard’s 100 million-plus global network of merchants, and it integrates with both Apple Pay and Google Pay.
For crypto users, the Spend card provides a fast, cost-effective, and globally accepted way to convert and spend crypto directly from their wallets, bypassing the need for traditional intermediaries, the release said.
Mercuryo noted that Spend is a multi-chain card, compatible with various blockchains including Ethereum, Solana, Injective, Near, ZKsync, Polkadot, TON, and more.
This flexibility allows users to spend crypto assets across different chains.
Users can maintain separate balances for their wallet and Spend card, providing more control over their funds.
The cards also avoid extra costs and wait times, according to the release.