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1inch Network and Baanx Unveil Innovative Crypto Debit Card Solution

Twitter icon  •  Published 3週間前  •  Nikolas Sargeant

1inch Network and Baanx have launched the 1inch Card, a Web3 debit card powered by Mastercard, facilitating crypto-to-fiat transactions for mainstream adoption.

1inch Network and Baanx have unveiled a new Web3 debit card, the 1inch Card, powered by Mastercard. This innovative card enables users to convert crypto assets into fiat currencies for seamless online and offline transactions, including cash withdrawals from ATMs.

The partnership aims to bridge the gap between traditional finance and the crypto ecosystem, providing a user-friendly solution for individuals holding cryptocurrencies who prefer the convenience of debit card usage.

Mastercard's involvement signals growing interest from traditional payment networks in Web3 and cryptocurrencies. The 1inch Card will be available in physical and virtual formats, offering flexibility for users worldwide.

This collaboration represents a significant step towards mainstream adoption of cryptocurrencies, catering to the increasing demand for accessible and user-friendly solutions in both traditional finance and the crypto industry.

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Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.