{"id":11516,"date":"2024-03-12T11:46:35","date_gmt":"2024-03-12T09:46:35","guid":{"rendered":"https:\/\/forklog.com\/en\/metamask-trials-mastercards-blockchain-powered-payment-card\/"},"modified":"2024-03-12T11:46:35","modified_gmt":"2024-03-12T09:46:35","slug":"metamask-trials-mastercards-blockchain-powered-payment-card","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/metamask-trials-mastercards-blockchain-powered-payment-card\/","title":{"rendered":"MetaMask Trials Mastercard&#8217;s Blockchain-Powered Payment Card"},"content":{"rendered":"<p>The non-custodial crypto wallet MetaMask is testing a blockchain-powered payment card from Mastercard, issued by Baanx, according to <a href=\"https:\/\/www.coindesk.com\/business\/2024\/03\/11\/with-mastercard-metamask-tests-first-blockchain-powered-payment-card\/\">CoinDesk<\/a>.<\/p>\n<p>The joint product is touted as the &#8220;first truly decentralized payment Web3 solution,&#8221; according to marketing materials. <\/p>\n<p>Users will be able to spend cryptocurrencies &#8220;on everyday purchases wherever cards are accepted.&#8221;<\/p>\n<p>A Mastercard representative commented to the publication that the company is implementing a number of innovative projects in the digital assets space, including: <\/p>\n<ul class=\"wp-block-list\">\n<li>the Multi Token Network;<\/li>\n<li>the Crypto Credential blockchain infrastructure;<\/li>\n<li>a CBDC partnership program;<\/li>\n<li>an initiative for cards &#8220;at the intersection of Web2 and Web3.&#8221; <\/li>\n<\/ul>\n<p>Mastercard&#8217;s competitor, Visa, postponed its plans to integrate cryptocurrencies in early 2023 following a series of bankruptcies in the industry. However, by April, the company announced it was hiring developers for digital asset projects.<\/p>\n<p>In September, Visa launched a pilot for merchants to use the stablecoin USDC on the Solana network. The company began testing the use of the &#8220;stablecoin&#8221; on the Ethereum blockchain two years earlier.<\/p>\n<p>In January, Visa enabled the <a href=\"https:\/\/u1f987.com\/en\/news\/visa-enables-cryptocurrency-to-fiat-conversion-on-cards-in-145-countries\">conversion<\/a> of cryptocurrencies to fiat money on cards directly from wallets like MetaMask or Coinbase Wallet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The non-custodial crypto wallet MetaMask is testing a blockchain-powered payment card from Mastercard, issued by Baanx, according to CoinDesk. The joint product is touted as the &#8220;first truly decentralized payment Web3 solution,&#8221; according to marketing materials. Users will be able to spend cryptocurrencies &#8220;on everyday purchases wherever cards are accepted.&#8221; A Mastercard representative commented to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[70,1287],"class_list":["post-11516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-mastercard","tag-metamask"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11516"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11515"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}