Mastercard Collaborates with Mercuryo to Strengthen Support for Non-Custodial
Mastercard, a global leader in payment solutions, has teamed up with European cryptocurrency payment provider Mercuryo to enhance support for non-custodial wallets.
This partnership has led to the launch of a euro-denominated debit card, which allows users to spend cryptocurrencies like Bitcoin held in self-custody wallets at more than 100 million merchants globally within the Mastercard network, according to an official press release from Mercuryo.
Non-custodial wallets enable users to manage their cryptocurrency independently, without depending on centralized platforms like exchanges or banks.
Non-Custodial Wallets Provide Users Complete Control
Unlike custodial wallets, which rely on a third party to manage private keys, non-custodial wallets empower users to take full control and responsibility for the security of their funds.
With non-custodial wallets, users possess the private key, the crucial component that grants access to their digital assets.
This storage method has gained popularity among cryptocurrency enthusiasts who wish to steer clear of the risks linked to centralized services.
Comments
frank
very nice
komodo007
It would be great if Mastercard provided a service that could easily convert fiat to cryptocurrency and vice versa without the need for conversion and authentication at exchanges.
