Mastercard Crypto Debit Card Now Supported for European Users
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Read more: Binance Mastercard Payment Services For Crypto Now Resumed Support
Mastercard, in collaboration with European crypto payments provider Mercuryo, will allow their customers to make purchases with more than 100 million Mastercard merchants across the globe without transferring funds to centralized exchanges for liquidation.
The mastercard crypto debit card supports cryptocurrencies such as Bitcoin with ease and makes crypto spending easier for everyday transactions. This makes paying both at physical stores and online shops where Mastercard is accepted very smooth while also extending the practical usage of digital currencies.
The Mastercard Crypto Card Program is specially designed to provide crypto users with a secure, eminently scalable, and trusted payment network by fusing traditional finance with decentralized digital assets.
The Mastercard crypto debit card, though convenient, does not come entirely free of charge. It costs 1.60 euros in acquisition, is maintained at 1 euro a month, and for every transaction, Mercuryo charges 0.95%. These reflect the balance of convenience against operating expenses encountered by this method.
With this, Mastercard reinforces its commitment to the principle of self-custody, which states that a user is fully in control of their crypto assets. The payments giant has continuously increased its presence in the cryptocurrency market.
In 2021, it officially announced its support for crypto asset payments. With the new card, Mastercard cements its leading position in the developing financial ecosystem, at the heart of which cryptocurrencies are about to become a staple part of everyday payments.
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