MetaMask, the popular self-custody crypto wallet, in partnership with fintech firms CompoSecure and Baanx, is set to enter the payments space by launching a new metal crypto card backed by Mastercard.
The MetaMask card will allow users to spend digital assets directly from their wallets without preloading or converting to fiat currency.
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MetaMask card to be released in 2025 Q2
According to the company, the card will be released in the second quarter of 2025. The card features smart contracts on the Linea network—a layer-2 Ethereum scaling solution—to process payments in under five seconds. The project was previewed at ETHDenver and is billed as a secure, self-custodied alternative to crypto debit cards offered by major centralized exchanges.
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With security concerns rising in the crypto space, especially after February’s $1.4 billion Bybit hack, MetaMask is positioning its product as a safer option that avoids the risks of centralised platforms.
“The MetaMask Card changes that. It allows millions of users worldwide to finally bridge the gap between the blockchain and the real world without sacrificing control or security,” said Ale Machado, Product Manager at MetaMask.
Unlike most existing crypto cards, which often require users to preload funds or convert assets into fiat before use, the MetaMask card keeps funds in users’ wallets until the moment of purchase. A smart contract verifies the transaction instantly at checkout, enabling a seamless experience.
Baanx Chief Commercial Officer Simon Jones emphasized the simplicity of the solution: “Spending crypto will now be as easy as tap-to-pay… no conversions, no delays, no intermediaries.”
Read also: Paycoin to launch crypto-backed Mastercard on April 30
MetaMask crypto card enters crowded market
Although several companies like Binance, Coinbase, Crypto.com, and Bybit have already staked a claim in the crypto card market, often with incentives like crypto-back rewards, MetaMask is taking a utility-first approach. Jon Wilk, CEO of CompoSecure, said, “It’s a shift toward making crypto usable every day.”
“The MetaMask metal payment card isn’t just another crypto card, it’s a paradigm shift,” Wilk added. “With billions of dollars in stablecoins already transacting across public blockchains, the MetaMask card represents the missing link that turns crypto from an investment into a true, everyday currency like cash, anywhere, anytime.”
Once again, the card is backed by Mastercard’s global payment network and will offer worldwide usability, mainly to redefine how users interact with digital assets beyond speculation.