Bleap has partnered with Mastercard to launch a non-custodial debit card enabling users to spend stablecoins. The integration bridges blockchain assets with legacy financial infrastructure, targeting 150 million merchant locations worldwide with 1:1 fiat conversions.
European Launch Focuses on Self-Custody Payments
The new card follows the December rollout of Bleap’s non-custodial wallet app. That initial release gave users one-click access to decentralized finance yields alongside zero-fee stablecoin purchases. The Mastercard partnership expands those self-custodial capabilities into everyday retail point-of-sale systems. Users keep full control of their assets while spending digital assets at merchants that accept Mastercard.
Centralized intermediaries and traditional Banking-as-a-Service solutions historically dominated payment infrastructure, leaving self-hosted wallets incompatible with standard card networks. Joao Alves, co-founder of Bleap, stated that the new technology allows direct stablecoin spending on-chain without intermediaries. Scott Abrahams, executive vice president of global partnerships at Mastercard, noted that digital currencies are fundamental to the global economy, making spend-simplification essential for consumer adoption.
Transaction Volumes and Global Expansion Plans
Since its beta release in December, Bleap has processed more than 5 million dollars in transactions while saving users 100,000 dollars. The platform offers up to 2% cashback on card spending alongside yield accounts offering 5% on euros and 11% on U.S. dollars. The company plans to roll out the Mastercard integration across Europe first before expanding into Latin America.
| Metric or Feature | Value |
|---|---|
| Processed Transaction Volume | Over $5 million |
| User Savings Generated | $100,000 |
| Card Cashback Rate | Up to 2% |
| Euro Yield Rate | 5% |
| USD Yield Rate | 11% |
Frequently Asked Questions About the Bleap Mastercard Integration
How does the non-custodial card handle fiat conversions?
The card converts crypto to fiat currency, allowing transactions at more than 150 million merchant locations that accept Mastercard.
Which geographic regions are receiving the card first?
Bleap is launching the Mastercard integration in Europe before rolling out the product in Latin America.
What yield rates does the platform offer depositors?
Bleap offers 5% yield on EUR and 11% on USD within its app.
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