MetaMask Joins the Crypto Card Race with Mastercard-Backed Launch

MetaMask, the leading Ethereum wallet provider, has announced the launch of a new crypto payment card that allows users to spend self-custodied funds seamlessly. Developed in partnership with CompoSecure and Baanx, the card is supported by Mastercard and aims to reshape how crypto is used in real-world transactions.

The product runs on Linea, a Layer 2 scaling solution built on Ethereum, enabling smart contract-based transaction processing integrated with the traditional payment ecosystem.

The move comes amid growing concerns around centralized exchanges and custody risks, especially following the February security breach at Bybit worth $1.4 billion. MetaMask positions its new card as a self-custody alternative for users who want more control over their assets.

With crypto cards already offered by Binance, Coinbase, Crypto.com, and others—many including crypto cashback rewards—MetaMask is stepping into a crowded but fast-growing sector.

The launch also appears to be a strategic response to declining user engagement. According to Dune Analytics, MetaMask collected only $289,000 in fees during the week of April 14, a sharp decline from $1.3 million in the same week last year.

Crypto payments are one of the fastest-growing use cases for digital assets in 2025. From luxury brands like Dorsia accepting crypto to reports that Signal is exploring Bitcoin payments, the use of digital currencies in everyday life is gaining traction.

MetaMask’s card gives users new freedom in Web3 finance while intensifying the race to innovate in the crypto payments space.