Mastercard and Mercuryo Introduce Euro-Denominated Non-Custodial Crypto Card
Mastercard has announced a partnership with European crypto payments infrastructure firm, Mercuryo, to introduce a euro-denominated debit card that allows users to spend cryptocurrencies directly from non-custodial wallets. This new card enables transactions at over 100 million merchants globally where Mastercard is accepted, eliminating the need to transfer funds to centralized exchanges. The initiative is part of Mastercard's broader strategy to integrate traditional finance with the growing cryptocurrency ecosystem, promoting financial autonomy and expanding the utility of digital assets for everyday use.
The card comes with associated fees, including a €1.6 issuance fee, a €1 monthly maintenance fee, and a 0.95% off-ramp fee. It offers high-security measures and real-time notifications to track spending. The collaboration aims to reduce barriers between blockchain technology and conventional payment systems, potentially accelerating mainstream adoption of cryptocurrencies. This move reflects a growing acceptance of digital assets within global payment infrastructures, aligning with Mastercard's commitment to making crypto more accessible and usable across its network.
