MetaMask Unveils New Crypto Card Backed by Mastercard

The card, built in collaboration with Mastercard, CompoSecure, and Baanx, leverages smart contract technology to process real-world transactions in under five seconds.

Powered by the Linea network, an Ethereum Layer-2 scaling solution, the new offering aims to provide an alternative to centralized platforms, which have come under renewed scrutiny following recent exchange hacks — including Bybit’s $1.4 billion security breach earlier this year.

With this move, MetaMask is entering a crowded field already populated by big names like Binance, Coinbase, Bybit, and Crypto.com, all offering their own versions of crypto debit cards, often with “crypto-back” incentives to attract users.

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The decision to diversify comes at a crucial time for MetaMask. As activity across the Ethereum ecosystem cools, the wallet provider has seen a significant dip in revenue. Data from Dune Analytics shows MetaMask generated only $289,312 in fees during the week of April 14 — a sharp decline from the $1.3 million collected during the same period last year.

In an increasingly competitive landscape, MetaMask’s new card reflects both a defensive play against declining wallet activity and an offensive push to capture more real-world crypto spending.

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