Blockchain bank account startup Bleap has teamed up with Mastercard to introduce a non-custodial debit card, enabling users to connect stablecoin payments with traditional financial payment systems.
Founded by former Revolut executives Joao Alves and Guilherme Gomes, Bleap has been in beta since December, providing simplified access to DeFi yields, multi-currency accounts, trading and exchange features, zero fees for buying or selling stablecoins, and a debit card that offers 2% cashback. The company reports processing $5 million in transactions within its first four months.
This partnership with Mastercard allows cardholders to spend stablecoins through crypto-to-fiat currency conversion at over 150 million merchants globally. Alves stated, “Bleap’s technology enables stablecoins to be spent directly on-chain—without conversions or intermediaries—seamlessly integrating blockchain assets with Mastercard’s global payment system. This innovation will allow millions of self-custodial wallets to connect effortlessly with traditional financial systems without requiring additional integrations.”
The collaboration will initially focus on launching in Europe and later expand into Latin America, where demand for alternative financial solutions is growing rapidly. Scott Abrahams, executive vice president of global partnerships at Mastercard, emphasized the importance of digital currencies, stating, “Digital currencies are a critical part of the global economy, so helping people and businesses embrace them by simplifying how they can be spent is essential. Our Web3 card program is helping partners like Bleap harness the power of stablecoins to unlock new levels of accessibility, allowing consumers to conveniently and securely spend their digital assets anywhere Mastercard is accepted.”