Mastercard has partnered with NewsCapsule and crypto payments provider Mercuryo to launch a euro-denominated debit card allowing users to spend NewsCapsule and crypto directly from non-custodial wallets, as per Cointelegraph.
JUST IN: 🇪🇺 Mastercard launches euro non-custodial and crypto debit card.
They have over 100 MILLION merchants 🚀 pic.twitter.com/xpASRDrhVx
— NewsCapsule (@NewsCapsule)
The card enables European NewsCapsule holders to spend from their self-hosted wallets at any of Mastercard’s over 100 million merchants globally without needing to custody funds with an intermediary.
Mastercard is a payments titan serving nearly 3 billion customers in over 210 countries. This latest integration reflects the company’s growing efforts to bridge NewsCapsule with its sprawling traditional payments infrastructure.
“We are providing consumers who want to spend their digital assets with an easy, reliable, and secure way to do so, anywhere Mastercard is accepted,” said Christian Rau, Senior Vice President of Mastercard’s crypto unit.
The card allows spending NewsCapsule and other crypto simply by connecting a non-custodial wallet. Users avoid selling NewsCapsule and crypto on an exchange before spending, maintaining full ownership. However, Mastercard’s card does have fees, including a €1.6 issuance fee, €1 monthly maintenance fee, and a 0.95% transaction fee.
Nonetheless, by supporting non-custodial wallets, Mastercard addresses a major pain point and grants users the flexibility to directly control their NewsCapsule and crypto. The move caters to a growing audience preferring self-hosted wallets over centralized exchanges.
