MetaMask Unveils New Crypto Card Backed by Mastercard
MetaMask is stepping into the crypto payments arena with the launch of its own self-custody crypto card, giving users a new way to spend their digital assets directly.
The card, built in collaboration with Mastercard, CompoSecure, and Baanx, leverages smart contract technology to process real-world transactions in under five seconds.
Powered by the Linea network, an Ethereum Layer-2 scaling solution, the new offering aims to provide an alternative to centralized platforms, which have come under renewed scrutiny following recent exchange hacks — including Bybit’s $1.4 billion security breach earlier this year.
With this move, MetaMask is entering a crowded field already populated by big names like Binance, Coinbase, Bybit, and Crypto.com, all offering their own versions of crypto debit cards, often with “crypto-back” incentives to attract users.
The decision to diversify comes at a crucial time for MetaMask. As activity across the Ethereum ecosystem cools, the wallet provider has seen a significant dip in revenue. Data from Dune Analytics shows MetaMask generated only $289,312 in fees during the week of April 14 — a sharp decline from the $1.3 million collected during the same period last year.
In an increasingly competitive landscape, MetaMask’s new card reflects both a defensive play against declining wallet activity and an offensive push to capture more real-world crypto spending.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
