MetaMask and Mastercard launch an on-chain cashback payment card in the United States

PANews reported on February 26, citing The Block, that Consensys' crypto wallet MetaMask has partnered with Mastercard to launch a "self-custody" payment card in the United States. Users can use the card wherever Mastercard is accepted, and it also supports Apple Pay and Google Pay. Unlike custodial cards that require users to pre-deposit funds into an exchange account, the MetaMask Card allows users to retain control of their assets until the moment of payment. The card is powered by Baanx. Cardholders can receive cashback rewards paid in MetaMask's stablecoin mUSD. Standard cardholders enjoy 1% cashback, while premium users can earn up to 3% cashback on the first $10,000 spent annually.