Mastercard Launches New Crypto Card Enabling Non-Custodial Wallet Spending

Mastercard has partnered with crypto payment provider Mercuryo to introduce a groundbreaking new debit card called “Spend,” allowing users to make payments directly from their self-custodial wallets using cryptocurrencies such as Bitcoin.

In a statement released on September 5, Mercuryo explained that the “Spend” card is a multi-chain crypto card designed to connect directly to users’ digital wallets. This innovative feature bypasses traditional banking systems, reducing peer-to-peer transaction risks and ensuring users maintain full control over their assets.

One of the standout features of the card is its multi-chain compatibility. Users can transact across multiple blockchain networks, including Ethereum, Solana, Polkadot, Near, ZKsync, and TON, providing significant flexibility in how they manage and spend their crypto assets.

Operating as a euro-denominated debit card, “Spend” allows users to purchase goods and services seamlessly. The card also supports integration with popular mobile payment platforms like Apple Pay and Google Pay, offering additional convenience for users.

The card does come with some associated fees, including a €1.60 issuance fee, a €1 monthly maintenance charge, and a 0.95% withdrawal fee. The card is currently available to customers in Europe, with plans for global expansion in the near future.

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This latest development reflects the increasing role of cryptocurrencies in the global financial ecosystem. Mastercard, serving nearly 1 billion customers across more than 210 countries, is positioning itself at the forefront of merging traditional finance with the growing digital asset space.

Earlier this year, Mastercard launched the Crypto Credential system, aimed at simplifying and securing peer-to-peer crypto transactions. This service, which is now available across several exchanges in Europe and Latin America, enables users to send crypto through easy-to-use aliases, reducing the complexity often associated with digital currency transactions.

Mastercard’s moves in the crypto space come amid growing competition from Visa, a key rival. Recently, Visa partnered with Switzerland-based Tangem AG to further strengthen the connection between cryptocurrencies and the traditional financial system.

Both Mastercard and Visa are making significant strides in integrating digital assets with their global payment networks, highlighting the increasing mainstream adoption of cryptocurrency as a viable payment method.

As Mastercard and Mercuryo push forward with the “Spend” card, the future of crypto spending looks increasingly seamless and accessible to a wider audience.