Paycoin to Launch Crypto-Backed Mastercard on April 30

Paycoin is preparing to take a major step into the global payments space with the upcoming launch of its crypto-backed Mastercard, scheduled for April 30. The card, which is being issued in collaboration with Swiss neobank SR Saphirstein AG, will allow users to load cryptocurrency and spend it at Mastercard-accepting merchants around the world. Supported assets at launch will include Paycoin’s native PCI token, Ethereum (ETH), and USD Coin (USDC).

Designed with a self-custody structure, the card aims to give users full control over their digital assets, while still enabling seamless interaction with Mastercard’s massive payment network. This feature stands out in a space where many crypto cards require users to relinquish control to third-party custodians. Users will be able to spend both online and in-store, and the card will be compatible with major digital wallets like Apple Pay and Google Pay.

The service will debut in the European Union and EFTA (European Free Trade Association) member states, with a monthly crypto top-up limit of 1,000 Swiss Francs. Expansion into other markets and additional cryptocurrency support are already in the pipeline.

Since PCI became available on Uniswap through the Arbitrum network, liquidity has been building, reinforcing its position within the decentralized finance ecosystem. This integration allows PCI to be used as a near-instant settlement token in PayProtocol’s payment infrastructure thanks to its low transaction fees and quick finality.

While Paycoin has already seen widespread adoption in South Korea — with major chains like 7-Eleven, Domino’s Pizza, and KFC accepting PCI — the Mastercard launch signals a major push for global relevance. The European rollout may act as a catalyst for broader adoption and usage beyond its domestic market.

Following the announcement, PCI saw a modest price increase of 5.7%, while daily trading volume surged 900% to $7.8 million. Despite trading at over 98% below its all-time high, the card launch may represent a critical milestone in Paycoin’s evolution as it works to become a recognized player in everyday crypto payments.