Mastercard is exploring partnerships with self-custody wallet companies like MetaMask and Ledger

ChainCatcher news, according to CoinDesk, payment giant Mastercard is exploring partnerships with wallet companies like MetaMask and Ledger. Mastercard noted in a presentation that having a payment card could help wallet providers increase active user numbers and build loyalty and other revenue streams, while giving cardholders the opportunity to use their cryptocurrency balances in a frictionless manner.

It is reported that Mastercard will issue a set of franchise standards or partner company rules to ensure consumer protection, price competition, and transaction monitoring requirements. Mastercard stated in its presentation that once the proposed standards are validated, the next step will be to issue a card targeting the EU or the UK as the first market.