Mastercard Unveils a Non-custodial Crypto Spending Feature

Mercuryo, a platform for crypto payment infrastructure, has announced the launch of Spend in Europe in partnership with Mastercard.

This new feature allows users to create a virtual debit card through their non-custodial wallets, enabling them to spend 40 different cryptocurrencies at over 100 million merchants within the Mastercard network.

The Mastercards are denominated in euros and are issued by Quicko. This serves as a bridge between self-custodial crypto wallets and traditional payment methods.

Spend offers digital asset holders a widely accepted payment card that can be opened within minutes and can be integrated with Apple Pay or Google Pay.

The funds on the card are automatically converted into fiat for merchants. Spend can be easily integrated into non-custodial wallet providers’ applications as a simple solution, providing the same level of protection as traditional debit cards.