Crypto payment company, Mercuryo in collaboration with MasterCard has introduced a new crypto debit card in Europe called “Spend”. This card lets people spend their cryptocurrencies at millions of stores worldwide without first converting their digital assets into cash.
Users maintain control of their cryptocurrencies through self-custodial wallets, meaning they manage their private keys and funds without relying on banks or exchanges.
According to Mercuryo, Spend is a multi-chain crypto card that can be used directly from users’ wallets. It eliminates P2P risks and the need to rely on banks for withdrawing funds from crypto, allowing users to retain full custody of their assets.
Mercuryo, a European company, simplifies the use of cryptocurrencies for everyday payments. It offers services that enable users to buy, sell, and spend digital currencies directly from their wallets. With Mercuryo, you can convert traditional money, such as euros, into cryptocurrencies and vice versa, facilitating the use of digital assets in daily transactions.
Mercuryo aims to bridge the gap between traditional finance and the crypto world, making digital currencies more accessible for everyday use. The company is dedicated to providing secure and user-friendly solutions for both individuals and businesses interested in engaging with cryptocurrencies.
The Spend card allows you to use various types of digital money, such as Bitcoin, and is compatible with networks like Ethereum and Solana. The card costs €1.60 to obtain, €1 per month to maintain, and incurs a 0.95% fee for withdrawals.
This is part of Mastercard’s bigger effort to include cryptocurrency in the regular banking system because more people are using wallets they control themselves.
Mastercard has been actively involved in various cryptocurrency projects, reflecting its commitment to integrating digital assets into mainstream finance. The company began its journey into the crypto space in 2021, announcing support for digital currencies on its network.
Since then, it has partnered with several key players in the industry, including Circle, Coinbase, and most recently, Mercuryo.
In June this year, Mastercard introduced the Crypto Credential initiative, designed to make cryptocurrency transactions easier and more secure by replacing complex blockchain addresses with user-friendly aliases.
