MetaMask to launch new self-custody crypto card powered by Mastercard and BaanxÂ
Metamask is teaming up with Mastercard and crypto payments company Baanx to launch a metal payment card that will let users spend crypto straight from their wallets without giving up control.
In an Apr. 28 press release, payment card manufacturer CompoSecure announced that it is partnering with MetaMask, Mastercard, and Baanx to launch the MetaMask metal payment card. A global rollout is planned for the second quarter of 2025.
The new card will let users pay directly from their self-custody MetaMask wallets at millions of merchants worldwide. Unlike conventional crypto debit cards, there is no need to preload or convert assets beforehand. Users have total control up until the point of sale thanks to a smart contract that instantly validates and processes the transaction on-chain at checkout.
Powered by Mastercard’s global payment network and Consensys’ Linea blockchain, the Metamask card attempts to make cryptocurrency payments as quick and simple as tap-to-pay. Transactions are completed in under five seconds with no long waits and no need for centralized exchanges.
MetaMask previewed the card earlier this year at ETHDenver, and its team sees it as a key step in making crypto more useful for everyday purchases like coffee, flights, or rent. “For too long, crypto users have been locked out of everyday finance,” said Ale Machado, MetaMask’s product manager. “The MetaMask Card changes that.”
Competition in the crypto card space has been heating up. Platforms like Binance, Coinbase, and Crypto.com already offer cards with crypto rewards, but MetaMask’s approach stands out by keeping assets in users’ wallets until the moment of payment.
CompoSecure, which specializes in metal cards and authentication tech, built the card’s design and security features. Baanx, which also powers cards for Ledger and 1inch, helped develop the payment system.
Interested users can join the waitlist through MetaMask Portfolio ahead of the card’s worldwide launch.
