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<p>Ethereum-based renowned cryptocurrency wallet <a href="https://coingape.com/metamask/" target="_blank" rel="noopener">MetaMask</a> is reportedly experimenting with an entirely on-chain payment card, in partnership with Mastercard. As per the promotional materials, this payment card will work on Mastercard’s giant network and issued by Baanx.</p> 
<h3 id="metamask-on-decentralized-web3-payment-solution">MetaMask on Decentralized Web3 Payment Solution</h3> 
<p>The potential collaboration between MetaMask and Mastercard brings together two industry giants. MetaMask boasts the largest self-custody wallet with over 30 million monthly active users. On the other hand, Mastercard plays a vital role in the traditional financial system with its widespread credit and debit card network.</p> 
<p>The marketing materials accessed by CoinDesk <a rel="nofollow" href="https://www.coindesk.com/business/2024/03/11/with-mastercard-metamask-tests-first-blockchain-powered-payment-card/" target="_blank">show</a> that MetaMask/Mastercard payment card would be “the first ever truly decentralized web3 payment solution,” allowing users to spend their crypto “on everyday purchases, everywhere cards are accepted”.</p> 
<p>In recent times, both Mastercard and its competitor Visa have been actively engaging with public blockchain developer communities and providers of self-custody wallets. Last October 2023, Mastercard collaborated with hardware wallet company Ledger and MetaMask. During the same time, <a href="https://coingape.com/metamask-integrates-solana/" target="_blank" rel="noopener">Solflare</a>, a leading Solana wallet provider, has unveiled a new feature enabling MetaMask users to effortlessly oversee their Solana portfolios directly within their current MetaMask wallet interface.</p> 
<p>On the other hand, Visa has been partnering with the USDC stablecoin and the Solana blockchain to explore cross-border payments solutions and address challenges such as Ethereum gas fees.</p> 
<h3 id="is-airdrop-coming-in-2024">Is Airdrop Coming In 2024?</h3> 
<p>MetaMask, a well-known non-custodial cryptocurrency wallet, is likely to launch its long-awaited airdrop sometime this year. Despite rumors circulating within the industry about MetaMask’s plans for a token airdrop, concrete details have yet to be released. As anticipation grows, individuals are eager to learn about the eligibility criteria for participating in the airdrop.</p> 
<p>Well, there’s still no official confirmation from MetaMask regarding the airdrop. However, the announcement can drop anytime this year. Thus, we at CoinGape have prepared a detailed guide on how to qualify for the <a href="https://coingape.com/education/how-to-qualify-for-metamask-airdrop/" target="_blank" rel="noopener">MetaMask airdrop</a>.</p> 
<p>The post <a href="https://coingape.com/mastercard-partners-with-metamask-first-on-chain-payment-card/">Mastercard Partners With MetaMask To Test the First On-Chain Payment Card</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Mastercard Partners With MetaMask To Test the First On-Chain Payment Card

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