Mastercard is expanding its support for self-custodial cryptocurrency wallets through a new collaboration with European crypto payments provider, Mercuryo. This partnership introduces a euro-denominated debit card, allowing users to spend their cryptocurrencies like Bitcoin at more than 100 million merchants in the Mastercard network.
Unlike traditional custodial wallets, self-custodial wallets enable users to fully control and secure their digital assets without relying on a bank or centralized exchange. Mastercard’s collaboration aims to eliminate barriers between blockchain and traditional payments, offering a seamless and secure way for users to spend their crypto.
Christian Rau, senior vice president of Mastercard’s crypto and fintech enablement, emphasized the company’s commitment to enhancing the self-custody wallet experience. The new card aligns with Mastercard’s growing focus on making crypto more accessible and easier to use across its global network.