Wallet provider MetaMask is launching a crypto payments card

Wallet provider MetaMask is launching a crypto payments card that will allow users to spend self-custodied funds

MetaMask, the popular Web3 wallet provider, is venturing into the crypto payments card domain.

Announced on April 15, MetaMask is launching a new card that will allow users to spend their self-custodied funds at over 60 million merchants worldwide. The product is being developed in partnership with Mastercard, CompoSecure, and Baanx.

The card is powered by smart contracts that execute the IRL (In Real Life) transactions at a speed of under five seconds and operates on the Linea network, a layer-2 scaling solution on Ethereum.

The companies highlighted the self-custodied nature of the crypto card as a key benefit, presenting it as an alternative to the potential risks associated with centralized exchanges.

Earlier this year, the second-largest crypto exchange by volume, Bybit, was hacked for $1.4 billion, an event that sparked widespread consternation in the crypto space.

With the launch of its card, MetaMask is entering a segment already served by major exchanges. Binance, Bybit, Coinbase, and Crypto.com all offer crypto debit cards, some of which feature "crypto-back" rewards that allow users to earn digital assets on their purchases.

MetaMask has encountered difficulties lately as interest in and participation in the Ethereum ecosystem have waned. According to Dune Analytics, the wallet collected just $289,312 in fees for the week of April 14, a significant decrease compared to the $1.3 million in fees collected for the same period a year ago.

Related: Spar supermarket in Switzerland starts accepting Bitcoin payments

Stablecoin, BTC payments growing use cases for crypto

Payments are among the fastest-growing use cases for cryptocurrencies in 2025, offering a way to bring real-world utility to digital assets.

Luxury brands like Dorsia have begun accepting various cryptocurrencies as payment, while messaging app Signal is reportedly exploring adopting Bitcoin for peer-to-peer transactions, and a bill in New York has been introduced to legalize the use of Bitcoin and other cryptocurrencies for state payments.