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Bleap, a fintech startup offering blockchain-based “bank accounts,” entered a partnership with Mastercard to expand stablecoin use within conventional payment systems. The move allows other wallet providers to plug directly into Mastercard’s global network using Bleap’s infrastructure.
Founded by former Revolut employees Joao Alves and Guilherme Gomes, Bleap has quickly grown since launching its beta platform in December. The company claims it has processed over $5 million in user transactions and saved customers more than $100,000 in fees. Its product suite includes a non-custodial smart wallet, stablecoin trading with no fees, and a Mastercard-backed debit card offering 2% cashback.
The partnership with Mastercard is said to simplify how blockchain assets can be spent in real-world scenarios. Bleap’s technology enables stablecoins to be used for payments without prior conversion to fiat currency. According to the company, this direct integration reduces reliance
The integration gives Bleap access to Mastercard’s resources and expands its reach across Europe, with plans to enter Latin America next.
Mastercard’s Web3 card initiative also includes collaborations with MetaMask, Ledger, and Baanx, all focused on merging crypto with traditional payment options.
With more than $225 billion in circulation and $5.1 trillion in global transaction volume in the first half of 2024, stablecoins are gaining mainstream traction.
Built on Arbitrum, Bleap offers gas-free transactions and replaces traditional seed phrases with a more user-friendly experience powered by Portal’s Multi-Party Computation (MPC) technology. After registration, a smart wallet using Ethereum’s ERC-4337 standard is deployed, supporting USDC, USDT, USDA, and EURA stablecoins.
While wallet activity remains Arbitrum-based, Bleap’s on/off ramp and bridging features extend to Ethereum, Polygon, Solana, BNB Chain, and Bitcoin, allowing users to receive tokens directly in their external wallets.
Unlike most crypto cards, Bleap processes payments in stablecoins directly, avoiding costly fiat conversions. Cashback rewards are funded through interchange fees and partnerships.
Looking ahead, Bleap is planning to issue a native token in 2026 with further details to be released closer to launch.
