MetaMask has added another expansion to its crypto card offerings. According to the official announcement, on December 18th, under a limited pilot program, MetaMask will introduce its crypto card services in the US.
The card will work similarly to a crypto debit card and will allow users to hold crypto in MetaMask and spend it wherever they go offline or online. The services of the card, however, will not be available to users in New York or Vermont, and the regions will be put on the waitlist.
MetaMask Crypto Card: Where Is It Available?
The MetaMask Card pilot is presently accessible in Brazil, Mexico, Colombia, the UK, and the EU. The latest addition to this list is the USA. Additionally, the wallet hopes to launch it on a bigger scale after the limited supply starts.
Off-ramping cryptocurrency to cash used to be difficult and included a lot of procedures. The widespread acceptance of cryptocurrency as a useful, real-world payment mechanism was hampered by this laborious procedure.
However, with the MetaMask Card, users may spend their cryptocurrency without having to shift their money to a bank or controlled exchange.
MetaMask Card intends to grow internationally
The launch of the services in the USA in addition to already accessible places like Brazil, Mexico, Colombia, the UK, and the EU comes amid MetaMask’s global expansion plans.
In collaboration with the financial company Baanx Platform, the wallet had introduced the card previously. Additionally, MetaMask intends to soon expand the use of their cryptocurrency payment card to additional nations.
To use their cryptocurrency, users can connect their digital wallets to Google Pay or Apple Pay. According to the official statement, USDC, USDT, and WETH on the Linea network are among the currencies that are eligible.
Crypto Cards See Global Rise Amid
The crypto credit and debit card industry has seen exponential growth given the rise in crypto adoption in the past two years.
Visa in a previous interview had stated that consumers spend their crypto-linked cards on a range of things, including dining out, travel, and retail products and services.
Additionally, the market for cryptocurrency credit cards grew from USD 25 billion in 2023 to USD 401.49 billion in ten years. The global market’s integration of decentralized finance will propel the expansion of the cryptocurrency credit card industry even further.
Therefore, MetaMask’s move stays in tandem with the market trends, putting the wallet on track for growth in usage.