MetaMask, a leading self-custodial cryptocurrency wallet, has launched its Mastercard-enabled spending card in the United States, with New York being a key debut location. The MetaMask Card is now available across 49 states, excluding Vermont.
This expansion brings the card to a significant new market, joining existing availability in Argentina, Brazil, Canada, European Economic Area countries, Mexico, Switzerland, and the United Kingdom. Consensys, the parent company of MetaMask, announced the general availability of the card.
“MetaMask shares our vision of empowering people to spend their crypto securely and seamlessly - anywhere Mastercard is accepted in the world,” stated Sherri Haymond, global head of digital commercialization at Mastercard. The card is built in partnership with regulated issuer Monavate and Mastercard’s global payments network, and is issued by Cross River Bank.
A key feature of the MetaMask Card is its self-custody model. Users retain full control of their digital assets in their MetaMask wallet until the moment of purchase, differentiating it from many traditional custodial crypto cards. The card functions with 150 million Mastercard merchants globally, both online and in-store, and is compatible with Apple Pay and Google Pay.
The MetaMask Card is primarily virtual, but a physical "Metal Card" is available for a $199 annual subscription, offering benefits like 3% cashback and reduced foreign transaction fees.