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.