Mastercard Crypto Debit Card Now Supported for European Users

Key Points:

• Mastercard has introduced a euro-denominated debit card, allowing users to spend cryptocurrencies directly from self-custodial wallets.
• The Mastercard crypto debit card, developed with European crypto payments provider Mercuryo, makes crypto spending seamless for everyday transactions.
• The card comes with fees, including a 1.60 euro issuance fee and a 0.95% transaction fee.

Mastercard has introduced a euro-denominated debit card that allows spenders to directly tap into cryptocurrencies from their self-custodial wallets for funding.

Read more: Binance Mastercard Payment Services For Crypto Now Resumed Support

Mastercard Crypto Debit Card Launched for European Customers

Mastercard, in collaboration with European crypto payments provider Mercuryo, will allow their customers to make purchases with more than 100 million Mastercard merchants across the globe without transferring funds to centralized exchanges for liquidation.

The Mastercard crypto debit card supports cryptocurrencies such as Bitcoin with ease and makes spending in crypto easier for everyday transactions. This makes paying both at physical stores and online shops where Mastercard is accepted very smooth while also extending the practical usage of digital currencies.

The Mastercard Crypto Card Program is specially designed to provide crypto users with a secure, eminently scalable, and trusted payment network by fusing traditional finance with decentralized digital assets.

Card Fees and Emphasis on Self-Custody in Latest Offering from Mastercard

The Mastercard crypto debit card, though convenient, does not come entirely free of charge. It costs 1.60 euros in acquisition, is maintained at 1 euro a month, and for every transaction, Mercuryo charges 0.95%. These reflect the balance of convenience against operating expenses encountered by this method.

With this, Mastercard reinforces its commitment to the principle of self-custody, which states that a user is fully in control of their crypto assets. The payments giant has continuously increased its presence in the cryptocurrency market.

In 2021, it officially announced its support for crypto-asset payments. With the new card, Mastercard cements its leading position in the developing financial ecosystem, at the heart of which cryptocurrencies are about to become a staple part of everyday payments.

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