MetaMask expands Mastercard crypto card into 13 Latin countries

MetaMask expanded its Mastercard-backed crypto debit card to 13 Latin American countries and is inviting eligible users to apply. The new markets are Chile, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Guyana, Nicaragua, Panama, Paraguay, Peru, Suriname and Uruguay. The card was already available in Brazil and Argentina.

When cardholders make a purchase, funds held in their self-custody wallet are automatically converted to the local currency at the point of sale and the transaction settles through Mastercard’s network. MetaMask describes the product as a digital debit card linked to the user’s self-custody wallet rather than a custodial account. Cardholders receive 1% cashback on purchases, paid in mUSD, MetaMask’s dollar-pegged stablecoin.

MetaMask piloted the card in 2024 and rolled out a nationwide launch in the United States in February. Gal Eldar, product lead at MetaMask, described the goal as making crypto “seamlessly woven into daily life” and presented the card as a way to use crypto for everyday purchases without manual conversion steps.

Industry data indicate growing consumer use of crypto cards. Alex Oblakevich, head of research at Utexo, reported that activity in the crypto card sector increased 2.7 times and that deposits shifted from large one-off sums to regular top-ups, suggesting users are funding cards for routine spending.

The MetaMask card follows Mastercard’s merchant acceptance rules and can be used wherever Mastercard is accepted. Cashback in mUSD is deposited to the user’s wallet. Eligible users in the newly supported countries can apply for the digital Mastercard debit card through MetaMask.