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MetaMask has expanded its U.S. pilot program for a crypto payment card, enabling users to make payments directly from their wallets. This development comes in collaboration with Mastercard. However, the launch has sparked criticism within the crypto community, with concerns over centralization and high fees, which are rumored to reach up to 9%. Critics argue that this move contradicts the foundational principles of cryptocurrency, which emphasize decentralization and avoiding traditional financial institutions.
METAMASK + MASTERCARD? CRYPTO TWITTER SAYS NOPE Crypto bros aren’t thrilled about the MetaMask-Mastercard collab. Why? It reeks of centralization and hefty fees (up to 9%). Purists argue, “Isn’t crypto about ditching fiat?” But hey, at least you can spend your crypto at… https://t.co/XGZzGAexaw
METAMASK’S DEBIT CARD SPARKS CRYPTO REBELLION MetaMask and Mastercard just rolled out a crypto debit card, and crypto purists are calling foul. With fees rumored to hit 9%, and concerns over decentralization and security, critics are labeling this move “antithetical to… https://t.co/1gbBDwAosk
Hot take (shouldn’t be): My big issue with “get a bank account with your crypto wallet” products is that the people verifying your identity and giving you your bank account are the very same people we switched to crypto to leave behind. Is “mainstream crypto adoption” basically…
