Mastercard has introduced a euro-denominated debit card that enables cryptocurrency spending from self-custodial wallets at over 100 million merchants globally. This initiative strengthens the bridge between traditional financial systems and cryptocurrency by partnering with European crypto payments firm Mercuryo. Users can now directly spend digital assets like Bitcoin without first transferring them to a centralized exchange.

The launch follows Mastercard’s recent efforts to enhance self-custody solutions, highlighted by collaborations such as the pilot program with MetaMask and the introduction of the “Mastercard Crypto Credential” for blockchain-friendly transactions. These advances emphasize user autonomy in managing their crypto assets, aiming to simplify and secure the intersection of blockchain technology and everyday financial activities.

Mastercard’s commitment to fostering seamless integration between blockchain and conventional payment methods marks a significant step towards widespread crypto adoption. By allowing direct transactions at a vast network of outlets, Mastercard is set to significantly boost the practical use of cryptocurrencies in daily commerce.