Mastercard is expanding its support for non-custodial cryptocurrency wallets by partnering with the European crypto payments infrastructure provider Mercuryo. The new collaboration enables users to spend cryptocurrencies like Bitcoin (BTC) stored on self-custodial wallets at more than 100 million merchants in the Mastercard network.

Self-custody is a core concept of cryptocurrency, providing a method of storing assets without depending on any centralized platform, such as a bank or an exchange. Unlike custodial wallets, self-custodial wallets require the user to take full responsibility for securing their funds by being the sole custodian of the private key that allows one to access the wallet.

This partnership marks Mastercard's continued efforts to drive the adoption of crypto self-custody, which is seen as a crucial aspect of the cryptocurrency ecosystem. By empowering users to be their own bank and manage their digital assets, Mastercard aims to further bridge the gap between traditional finance and the crypto space.

Source: https://cointelegraph.com/news/mastercard-non-custodial-crypto-spending-card

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