- Mastercard plans to collaborate with MetaMask, Ledger, and other custody wallet firms.
- According to Mastercard, the partnership will deliver a robust payment system.
- Payment cards will attract more users to custody wallet firms like MetaMask and Ledger.
Mastercard, the world’s leading payment processor, plans to collaborate with MetaMask, Ledger, and other custody wallet firms to deliver a robust payment system, reports suggest. The payments giant reportedly revealed this plan in a Web3 strategy workshop report, where it pointed out that having a payment card would benefit wallet providers.
According to Mastercard, payment cards will attract more users to custody wallet firms like MetaMask and Ledger, enabling them to build their loyalty base and increase their revenue streams. However, it added that the users would also enjoy the opportunity to spend their crypto balance in a frictionlessly by using the cards across regular payment points.
Introducing a payment card would be a demanding task for wallet providers, and Mastercard believes that is where it can help. Moreover, the leading payment provider revealed it is evaluating “new models for global i…
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