Ledger and Mercuryo Launch BTC and ETH Cards for Global Mastercard Merchant Use
Key Takeaways
- Ledger offers crypto debit cards that enable cardholders to directly load funds into their accounts from their hardware wallets.
- A lot of exchanges and wallet providers currently offer cryptocurrency debit cards.
- The most recent Ledger offering, developed together with Mercuryo, is a cryptocurrency Mastercard that accommodates both Bitcoin and Ether.
Ledger has become one of the most recent Web3 firms to introduce a debit card capable of holding crypto balances, featuring automatic swaps for transactions involving traditional currency.
The Spend card, offered in collaboration with Mastercard and Mercuryo, integrates with Ledger Live, an application that lets Ledger wallet Users initiate and complete transactions using a linked hardware wallet.
Ledger Enters Cryptocurrency Card Market Race
With cryptocurrency investment becoming increasingly common in recent years, crypto debit cards have become a simple method for spending money without needing to navigate several steps such as depositing, converting, and withdrawing.
Leading exchange platforms and wallet providers, such as Binance , Coinbase and MetaMask , have all embraced the concept, which is supported by both Visa and Mastercard.
The inaugural crypto debit card to incorporate Ledger’s technology was the CL Card from Baanx, launched in 2024.
Ledger Live users are able to fund their Spend card with Bitcoin (BTC) and Ethereum (ETH) directly from their self-custody wallets. Support for stablecoins and additional digital tokens will be added in the coming months.
Visa vs. Mastercard for Crypto Debit Cards
As the most widely adopted card networks in the world, Visa and Mastercard debit cards are widely accepted.
Both payment firms have built dedicated programs to support crypto-to-fiat debit cards and have partnered with crypto exchanges to power conversions.
The most popular supported cryptocurrencies are Bitcoin , Ethereum, and stablecoins. Nonetheless, certain cards provide a broader selection of alternative coins. As an illustration, the WireX Visa card accommodates 25 distinct cryptocurrencies, such as Litecoin (LTC), XRP and Dogecoin (DOGE) .
Crypto Debit Card Fees
In the fiercely competitive landscape of crypto debit cards, distinguishing features often lie in the intricacies of off-ramp processes and transaction fees among competing offerings.
The Ledger Mastercard can be obtained at no cost for current users of Ledger Live. Mercuryo, the service behind cryptocurrency-to-fiat transactions, applies fees as high as 3.95% per trade. Payments that are not in euros might also incur a foreign currency conversion fee.
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