BlockBeats reported that on September 5, Cointelegraph reported that payment giant Mastercard has reached a cooperation with European crypto payment infrastructure provider Mercuryo to launch a euro-denominated debit card, allowing users to spend cryptocurrencies stored in non-custodial wallets directly at merchants that accept Mastercard.
Christian Rau, senior vice president of Mastercard, said that this cooperation will eliminate the barriers between blockchain and traditional payments and provide digital asset consumers with a convenient, reliable and secure payment method. This service will charge a certain fee, including a 1.6 euro card issuance fee, a 1 euro monthly maintenance fee, and a 0.95% withdrawal fee charged by Mercuryo.
