Mercuryo, a global platform for payment infrastructure, announced today the official launch of Spend, a new crypto debit card powered exclusively by the Mastercard network. Available through Ledger Live, the official application for the secure management of cryptocurrencies and NFTs, the card allows users to make purchases in fiat currency using their digital tokens directly.
With over 7 million users, Ledger represents one of the main players in the self-custody sector of cryptocurrencies. The introduction of the Spend card marks a significant step towards the integration between the Web3 world and the real economy, offering users the possibility to spend their digital assets in a simple, secure, and immediate way.
How the Mercuryo Spend Card Works
The Spend card can be activated instantly and without fees directly within the Ledger Live app. Once activated, it allows users to convert their Bitcoin (BTC) or Ethereum (ETH) into fiat currency to make purchases at over 150 million merchants worldwide where the Mastercard network is accepted.
Initially, the card will support BTC and ETH, but in the coming months, stablecoin and other digital tokens will also be added. The card is compatible with Apple Pay and Google Pay, thus allowing payments both online and in physical stores.
Security and control: the strengths
One of the most significant aspects of the Spend card is the ability to be funded directly from self-custody wallets, ensuring users have full control over their funds. Additionally, transactions made with Spend benefit from the protections offered by Mastercard, including AML (Anti-Money Laundering) and KYC (Know Your Customer) protocols.
The card also offers an optimized user experience, with flexible spending limits and cost transparency. The monthly spending limit is set at €40,000, a cap that meets the needs of both occasional users and more active ones.
A strategic partnership between industry leaders
The initiative stems from the collaboration between Mercuryo, Ledger, and Mastercard, three entities that share the vision of a secure, accessible, and integrated digital ecosystem.
Petr Kozyakov, co-founder and CEO of Mercuryo, stated:
“We are excited to launch Spend on Ledger, the most appreciated non-custodial hardware wallet by the crypto community. This partnership represents a perfect blend of cutting-edge technology and uncompromising user experience.”
Jean-Francois Rochet, Executive Vice President of Consumer Services at Ledger, also emphasized the importance of collaboration:
“We are happy to welcome Mercuryo among the card programs compatible with Ledger. Spend, integrated directly with self-custody, offers users the best possible experience, enhanced by Mastercard’s global network.”
Mercuryo: continuous innovation in Web3
Founded in 2018, Mercuryo has established itself as one of the leading innovators in the Web3 landscape, offering payment solutions that simplify access to and use of criptovalute. The company stands out for its ability to seamlessly integrate on-chain payments, making the experience intuitive even for new users.
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Among its partners are prominent names such as MetaMask, Trust Wallet, 1inch, and PancakeSwap, demonstrating its growing influence in the sector. With Spend, Mercuryo further expands its offering, consolidating its position as a pioneer in the ecosystem DeFi.
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Ledger: ten years of digital security
In 2024, Ledger celebrates its tenth anniversary as a world leader in digital asset security, both for private users and businesses. With over 7 million devices sold in 180 countries and more than 100 financial institutions served, Ledger currently protects over 20% of crypto assets globally.
Security is guaranteed by the Ledger Donjon team, one of the most respected offensive security groups in the world, working to protect users from fraud, attacks, and losses. In 2023 alone, over 14 billion dollars were lost due to hacks and scams: a figure that underscores the importance of solutions like those offered by Ledger.
A more accessible future for cryptocurrencies
With the launch of the Spend card, Mercuryo and Ledger respond to a growing demand from users: being able to use their cryptocurrencies in daily life, with the same ease as traditional credit cards. This innovation represents a concrete step towards the mass adoption of digital assets, making them real and tangible payment instruments.
The initiative is currently available for users residing in the European Economic Area (EEA), but the goal is to extend the service globally, offering more and more people the opportunity to spend crypto in a secure, transparent, and immediate way.
In a world where decentralized finance continues to evolve, solutions like Spend demonstrate how technology can bring the future closer, one purchase at a time.