According to CoinDesk, payment giant Mastercard is exploring partnerships with wallet companies such as MetaMask and Ledger. Mastercard stated in their presentation that having a payment card can help wallet providers increase their active user base and establish loyalty and other sources of revenue, while also giving cardholders the opportunity to use their cryptocurrency balances in a frictionless manner.

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