Global payment giant Mastercard has announced a new partnership that will allow users to spend cryptocurrencies like Bitcoin (BTC) stored on self-custodial wallets, such as MetaMask, at over 100 million merchants in the Mastercard network. This collaboration between Mastercard and the European crypto payments infrastructure provider Mercuryo further connects traditional finance and the crypto ecosystem.

Self-custody is a core concept in cryptocurrency, giving users full control and responsibility for securing their digital assets by being the sole custodian of the private key to access their wallet. Unlike custodial wallets managed by third-party platforms, self-custodial wallets require users to take complete ownership of their funds.

The new euro-denominated debit card enabled by this partnership provides users with the ability to spend their cryptocurrencies directly, without the need to convert them to fiat currency first. This integration marks an important step in Mastercard's ongoing efforts to bridge the gap between traditional finance and the burgeoning cryptocurrency market.

Source: https://cointelegraph.com/news/what-happened-in-crypto-today

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