MetaMask has started testing the Mastercard blockchain card
The non-custodial MetaMask crypto wallet is testing the Mastercard on-chain payment card issued by Baanx. This is reported by CoinDesk.
The joint product will be "the first truly decentralized Web3 payment solution in history," according to marketing materials.
Users will be able to spend cryptocurrencies "on everyday purchases wherever cards are accepted."
In a comment to the publication, a representative of Mastercard noted that the company is implementing a number of innovative projects in the field of digital assets.
Among them: the Multi Token Network, the Crypto Credential blockchain infrastructure, the CBDC partner program and the card initiative "at the junction of Web2 and Web3".
Mastercard's competitor, Visa, postponed plans to integrate cryptocurrencies in early 2023 after a series of bankruptcies in the industry. But already in April, the company announced the recruitment of developers for projects in the field of digital assets.
In September, Visa launched a pilot for merchants to use the USDC stablecoin on the Solana network. The company began testing the use of a "stable coin" on the Ethereum blockchain two years earlier.
Source: https://forklog.com/news/metamask-nachal-testirovanie-blokchejn-karty-mastercard
