Key Takeaways
- Mastercard partners with Mercuryo to launch Bitcoin debit card.
- Users can spend Bitcoin from self-custodial wallets at 100M+ merchants.
- Card comes with a €1.60 issuance fee and a €1 monthly charge.
Mastercard has expanded its support for non-custodial Bitcoin spending through a new partnership with Mercuryo, a European crypto payments provider.
This collaboration introduces a euro-denominated debit card, allowing users to spend Bitcoin and other digital assets stored in self-custodial wallets at over 100 million merchants in Mastercard’s network.
The new card is designed to make it easier for users to manage their own funds without relying on centralized platforms.
Self-custodial wallets require users to hold and secure their private keys, offering complete control over their assets.
Innovation
Christian Rau, Mastercard’s senior vice president for crypto and fintech, emphasized the company’s mission to innovate in this area, saying:
Through our collaboration with Mercuryo, we’re eliminating the traditional barriers between blockchain and conventional payments.
The partnership is part of Mastercard’s broader move into Bitcoin-related services, having previously supported major platforms like Coinbase and Circle.
Mastercard first announced support for digital assets in 2021, recognizing the growing role of Bitcoin in global payments.
The Mastercard-branded card comes with a small issuance fee of €1.60 and a monthly maintenance fee of €1. Mercuryo also charges a 0.95% fee on transactions for converting Bitcoin into euros.
