Tech
MetaMask, Mastercard, and Baanx Launch MetaMask Card for Crypto Payments
MetaMask, Mastercard, and Baanx have introduced an innovative pilot program for the MetaMask Card, a groundbreaking digital debit card designed to facilitate the direct spending of cryptocurrency from MetaMask wallets.
This card allows users to convert their crypto assets into fiat currency instantly and is accepted anywhere Mastercard is used. The MetaMask Card operates on the Layer2 network, #LINEA, enhancing transaction efficiency.
Currently, the card is available to a select group of users in the EU and UK and supports major cryptocurrencies including USDC, USDT, and WETH. This initiative is a notable advancement in integrating cryptocurrency with conventional financial transactions, reflecting a broader trend towards blending digital assets with everyday financial practices.
As of 2024, MetaMask has achieved a significant milestone, surpassing 30 million monthly active users and amassing over 100 million downloads across different platforms, including web browsers and mobile devices.
Despite its achievements, there is still room for improvement in the MetaMask wallet, but the company, under ConsenSys, remains committed to enhancing its offerings.
This launch represents a major development in the financial technology landscape, marking a new era where digital assets are increasingly accessible for daily use.
While MetaMask is not the first to venture into this space, it is part of a growing trend of integrating cryptocurrency into everyday transactions.
For the first time in 14 years, the ecosystem is supported by new rules and tools, fostering an environment ripe for innovation and growth.
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Innoson Vehicles has successfully produced the first made-in-Nigeria electric car at their manufacturing plant in Nnewi, Anambra State. This groundbreaking achievement marks a significant milestone for the country’s automotive industry, showcasing Nigeria’s growing capacity for innovation. An amateur video capturing a test drive of the electric vehicle has surfaced, generating excitement and interest in the future of locally produced sustainable transportation. Innoson’s accomplishment positions Nigeria on the map in the global shift towards eco-friendly vehicles.
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