MetaMask Launches US Payment Card with On-Chain Rewards

MetaMask's latest collaboration with Mastercard has brought about a new era in payment card solutions for cryptocurrency enthusiasts in the United States. The innovative program allows users to link spending to on-chain rewards, providing an unprecedented level of convenience and flexibility.

The Virtual Card is available immediately, while the MetaMask Metal Card can be pre-ordered by interested individuals. Notably, this offering extends to New York residents, who are often subject to more stringent regulations regarding crypto-linked financial products.

The standout feature of the new card is its 3% cashback on the first $10,000 of spend, as well as zero foreign transaction fees. This is made possible by a new rewards program that converts everyday activities into points redeemable for discounts, token allocations, and early access opportunities within the ecosystem.

MetaMask's emphasis on self-custody wallet experiences means that users manage their assets through the MetaMask platform while making payments through Mastercard's vast merchant network. This strategic partnership marks a significant shift in the competitive landscape of wallet providers, as they now directly compete in payment solutions.