It was claimed that MetaMask and Mastercard agreed for a giant project. According to Coindesk, preparations have been completed and the testing process has begun for the world’s first blockchain-supported credit card that offers shopping with crypto money.
It is one of the most popular cryptocurrency wallets with more than 30 million monthly active users. MetaMaskhas made an important collaboration with Mastercard. Within the scope of this collaboration, a credit card supported by blockchain technology was designed for the first time in the world. According to the information obtained, this card is in the testing phase. Can be used wherever a credit card is accepted. The only difference from traditional cards will be that users will use crypto money.
MetaMask is a platform built on the Ethereum network. wallet service. As it is known, Mastercard is one of the most popular payment providers in the traditional financial system. This duo will break new ground in their fields of expertise. According to marketing materials, this card is “The first truly decentralized web3 payment solution” will go down in history.
It is unclear when it will be available
According to Coindesk’s claim, this credit card, which will be a first in its field, is actually for all of us. a new era will start. Because with a credit card supported by crypto money and blockchain, consumers will now be able to easily shop by paying crypto money. Of course, we do not currently know what kind of infrastructure needs to be established to make this happen. Issues such as whether new POS devices will be needed for this service, remains unknown for now.
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There is currently no agreement from the parties regarding this issue. no explanation came. However, the marketing materials leaked by Coindesk are expected to be shared officially in the very near future. With this expectation coming true, the traditional financial system has become from the hardest blows He will have taken one. Let’s see how MetaMask and Mastercard will handle such a big job…
Source :
https://www.coindesk.com/business/2024/03/11/with-mastercard-metamask-tests-first-blockchain-powered-payment-card/
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