MetaMask is stepping into the payments space with a new crypto card designed to let users spend their self-custodied digital assets. This move gives crypto holders a more direct way to use their tokens in everyday transactions.
Developed in partnership with CompoSecure and Baanx, and supported by Mastercard, the card leverages smart contracts to facilitate real-world purchases, with transaction times averaging under five seconds. It runs on Linea, Ethereum’s layer-2 scaling network.
The initiative is being promoted as a safer alternative to centralized platforms, especially in light of recent security breaches. In February, Bybit—the second-largest crypto exchange by trading volume—suffered a $1.4 billion hack, reigniting concerns around custodial risk.
By launching this product, MetaMask is entering a competitive arena already populated by platforms like Binance, Coinbase, Crypto.com, and Bybit, all of which offer crypto debit cards with features such as crypto rewards on spending.
The announcement comes at a time when MetaMask has been facing a slowdown, with declining engagement in the Ethereum ecosystem. According to Dune Analytics, the wallet generated just under $290,000 in fees during the week of April 14, a sharp drop from the $1.3 million collected in the same week last year.
Crypto payments on the rise as real-world adoption grows
Using cryptocurrencies for payments is gaining momentum in 2025, providing more tangible use cases for digital assets.
High-end brands like Dorsia are now accepting crypto as payment, and messaging platforms like Signal are reportedly looking into integrating Bitcoin for peer-to-peer transfers. Meanwhile, New York lawmakers have proposed legislation to permit state-level crypto payments using Bitcoin and other digital currencies.
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