Blog Post

A big step for cryptocurrency adoption: Metamask launches its own card

metamask crypto
Andrés Glennen
Andrés Glennen
September 1, 2024
DeFi Reental

In the cryptocurrency space, making the transition from virtual to tangible has always been a challenge. Often, those who invest in digital assets find it difficult to use them in their daily lives. However, MetaMask, one of the most popular cryptocurrency wallets in the world, has launched a revolutionary solution: a debit card for cryptocurrencies. This initiative, backed by giants such as Mastercard and Baanx, represents a significant step towards the mass adoption of cryptocurrencies, allowing users to use their digital assets more fluidly and directly.

What is the MetaMask card?

The MetaMask card is an innovative tool that allows users to make direct cryptocurrency payments from their MetaMask wallet. What makes this card unique is that users don't need to transfer their funds to a different platform before using them. Cryptocurrency remains in your custody until payment is made, reinforcing the security and autonomy of users.

https://www.reental.co/blog/que-es-metamask-y-para-que-sirve

During the pilot phase, users will be able to make payments using stablecoins such as USDC and USDT, known for their stability against the US dollar. In addition, it will also be accepted wETH, an ERC-20 token that facilitates the exchange of Ether (ETH) on the Ethereum network. This selection of cryptocurrencies ensures that users have several flexible options for their daily transactions.

Self-custody of cryptocurrencies

One of the key objectives of MetaMask with the launch of this card is to promote self-custody of cryptocurrencies. In a world where trust in traditional financial institutions is often questioned, having full control over digital assets is essential. The MetaMask card allows users to maintain control of their cryptocurrencies until the moment of payment, without the need to transfer that control to third parties.

The cryptocurrencies that are used through this card are stored in Mainnet Line network, a layer 2 network developed by ConsenSys. This network is designed to improve the scalability of Ethereum transactions, ensuring fast and secure operations, even when the main Ethereum network is congested. For Reental users, this means that they will be able to access their performance more efficiently and quickly, using them in the real world with ease.

A big step towards financial integration

The MetaMask card not only makes it easier to use cryptocurrency in everyday life, but it also marks a important progress towards the integration of cryptocurrencies into the traditional financial system. In a global context where financial institutions are starting to tokenize traditional assets, this card offers users greater flexibility and control over their digital assets.

The main functionality of this card is to allow direct payments with the cryptocurrencies available in the MetaMask wallet. This eliminates the need to transfer funds to other platforms, simplifying the payment process and ensuring that users maintain custody of their cryptocurrencies until the exact moment of the transaction. It's a tool that promises to make life easier for those who are already familiar with the MetaMask ecosystem.

Benefits for Reental investors

For Reental users, the MetaMask card offers a unique opportunity. The returns obtained from their investments in tokenized projects can be claimed in their MetaMask wallet and, through this new card, can be used directly for everyday payments. Can you imagine paying for your daily coffee with the returns on your investments in Reental? Now it's possible.

Advantages of the MetaMask card

  • Ease of Use: Setting up the card is quick and easy. In just 15 minutes, you can have it ready on your phone and start using it.
  • Low Costs: Unlike other solutions, the MetaMask card has no high fees for each transaction, making it a very economical option for managing your cryptocurrencies.
  • No Recharge Required: You don't need to top up the card with fiat money; simply spend directly from your assets in MetaMask.

Challenges for Reental users

  • Technical Process: To use the card, it is necessary to transfer the cryptocurrencies to the network Mainnet line, which may involve bridging.

Although MetaMask has made this process as simple as possible, for some users less familiar with the technology, this may represent a small obstacle. That's why we remind you of some steps that will help you

  1. Transfer USDT from the Matic network to the Linea network using
    • If you have more than $10 in USDT, access the “Bridge” section on the left side.
    • Select the Polygon (matic) network in “From this network” and the Linea network in “To this network”.
    • Enter the amount of USDT you want to transfer in “You send”.
    • Click “Continue” and approve the transaction.

Important: Make sure you have enough Matic for gas and avoid problems during the transaction.

Adopting the Web 3.0 Ecosystem

Not only does this launch make it easier to use cryptocurrency in daily life, but it also represents a significant step towards mass adoption of the Web 3.0 ecosystem. The MetaMask card reduces barriers between traditional finance and digital assets, allowing users to spend their cryptocurrencies in stores in the same way as they would with a traditional debit card.

With the MetaMask card, the future of cryptocurrency looks more promising than ever. This tool offers users a simple and direct way to use their digital assets in their daily lives, which could catalyze greater adoption of cryptocurrencies around the world.

For Reental investors, the MetaMask card is a tool that can simplify the conversion of their digital returns to tangible uses. This is just the beginning of a movement that promises to change the way we manage and use our investments.

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