MetaMask is entering the world of crypto payments with a new card that is based on self-custody and works with Mastercard. The new metal payment card was created jointly with CompoSecure and Baanx, which enables users to spend crypto directly from their MetaMask wallets, thus providing an option to centralized exchanges.
According to the announcement, unlike the earlier crypto cards, MetaMask’s new metal payment card can execute real-life transactions through smart contracts within five seconds. It operates on the Linea network, which is a layer-2 solution for Ethereum that makes the transactions faster and less costly.
The card is expected to provide additional protection to the holders of cryptocurrency after such exchange heists as Bybit, which lost $1.4 billion in February.
This makes MetaMask directly compete with other giants such as Binance, Coinbase, Crypto.com, and Bybit, who already have their crypto debit cards. Some even offer crypto rewards for every purchase made by the consumers or buyers.
MetaMask’s decision occurs as Ethereum’s growth has decelerated. Dune Analytics revealed that the wallet received only $289,312 in fees during the week of April 14, which is significantly lower than the $1.3 million of the same period in 2018.
However, the use of crypto payments is still gradually increasing in 2025. Dorsia has integrated crypto payments, Signal is thinking about Bitcoin for P2P transactions, and New York is working on a bill to legalize crypto for state transactions.
With its new card, MetaMask is entering one of the most popular fields of the crypto industry right now—payments—thus providing users with an opportunity to spend their assets safely and without intermediaries.
Also Read: Mastercard Unveils Stablecoin Payments with OKX Card Launch
