BAKU, Azerbaijan, March 20. Mastercard and MetaMask are testing a new blockchain card, Trend reports.
According to Mastercard, this new concept promises to be the
world's first totally decentralized payment system for Web3, a huge
step forward in digital banking.
Users can apply this card to spend their cryptocurrency assets on
regular purchases where Mastercard is accepted. As a result, the
process of using bitcoin in everyday life is substantially
simplified, while accessibility to numerous goods and services is
increased.
Details on the process of converting cryptocurrency to fiat money
in transactions have yet to be revealed, but the collaboration
between MetaMask and Mastercard has the potential to dramatically
increase the convenience and appeal of cryptocurrency for daily
users. This adds to its greater acceptability and application in
everyday life.
MasterCard is a global payment system that offers credit, debit, and prepaid cards. It enables its users to make cashless purchases at millions of locations across the world. Mastercard also offers technological solutions for banks, merchants, and other financial organizations. Mastercard cards are accepted in many countries and can be used for a variety of financial activities, such as in-store purchases, internet transactions, ATM cash withdrawals, and more.