Payment giant Mastercard has partnered with European crypto payment infrastructure provider Mercuryo to launch a euro-denominated debit card. The card allows users to spend cryptocurrencies stored in non-custodial wallets directly at more than 100 million merchants that accept Mastercard.
Mastercard Senior Vice President Christian Rau said the partnership aims to eliminate barriers between blockchain and traditional payments and provide consumers who want to use digital assets with convenient, reliable and secure payment methods. The service will charge a fee, including a 1.6 euro card issuance fee, a 1 euro monthly maintenance fee, and a 0.95% withdrawal fee charged by Mercuryo. (Cointelegraph)