Global payment infrastructure platform Mercuryo has announced the launch of a new cryptocurrency debit card on the Mastercard network. The new card, Spend, is available via companion app Ledger Live, and allows Ledger users to seamlessly make purchases using their digital holdings, which are converted to fiat currency. Moreover, users can fund the new debit card directly from self-custody.
Ledger’s more than 7 million-strong user base can open the card instantaneously and without any new fees through the companion app. At present, fiat purchases can be made with the more than 150 million merchants across the globe that accept Mastercard.
Mercuryo’s new cryptocurrency debit card represents a significant milestone
Spend currently supports Bitcoin (BTC) and Ethereum (ETH), although support will expand to stablecoins and other digital tokens in the coming months.
Reflecting on the debit card’s launch, Petr Kozyakov, the Co-founder and Chief Executive Officer (CEO) of Mercuryo, said:
“We are delighted to launch Spend in Ledger, the preeminent non-custodial hardware wallet that has won a huge cult-like following among crypto enthusiasts, having made self-custody both accessible – and cool. Ledger, Mercuryo and Mastercard share the same vision of using state-of-the-art technology to deliver a seamless user experience, making this partnership a perfect fit.”
Jean-Francois Rochet, Executive Vice President of Consumer Services at Ledger, highlighted the growing partnership between the two entities, stating that:
“We are happy to see Mercuryo join the family of card programs compatible with Ledger, directly available and securely manageable from within Ledger Live. This is the second service provided by Mercuryo to Ledger Live users, after crypto purchase services. Card programs that offer the ability to integrate directly with self-custody give users the best possible experience. The Spend card, paired with the power of Mastercard’s global payments network, will bring Ledger users more choice to spend their crypto.”
Users of the most popular hardware wallet will now be able to fund their accounts seamlessly, benefit from minimal and transparent fees, while enjoying the state-of-the-art security and the consumer protection afforded by Mastercard’s robust anti-money laundering (AML) and know your customer (KYC) protocols.
Featured image via Shutterstock
