1inch Network

Test

Baanx

The leading DEX aggregator 1inch Network, <a href="https://blog.1inch.io/1inch-launches-a-web3-debit-card-in-partnership-with-mastercard-and-crypto-life/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">launches</a> a crypto debit card in partnership with Mastercard and Crypto Life. The new card offers cryptocurrency-to-fiat bridge functionality, with physical and virtual options for seamless transactions at any ATM.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ Hot off the press! We're unveiling the groundbreaking <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b3.png" alt="💳" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/1inchCard?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">#1inchCard</a> in partnership with <a href="https://twitter.com/Mastercard?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@Mastercard</a> and <a href="https://twitter.com/CL_Technology?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">@CL_Technology</a>! Your <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">#crypto</a> is about to go from hodl to spend, online and in-person, wrapped in an exclusive design. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Get early access: <a href="https://t.co/SHaFiOj7u4" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">https://t.co/SHaFiOj7u4</a><a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">#DeFi</a> <a href="https://t.co/ldX5K5b0ap" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/ldX5K5b0ap</a>— 1inch Network (@1inch) <a href="https://twitter.com/1inch/status/1777335291247829054?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 8, 2024</a>
 </blockquote>
 </div>
</figure>
Christian Rau, Mastercard’s senior vice president of crypto and fintech enablement, highlighted the importance of bridging the gap between Web3 and Web2 worlds through this card. The integration of Mastercard’s technology ensures security and convenience for users.
Christian Rau, said, “Leveraging Mastercard’s leading technology and standards, the 1inch Card is connecting Web2 and Web3 worlds in an innovative way.”
Unlike traditional methods that involve multiple steps and fees for converting crypto to fiat, the 1inch Card streamlines the process, enabling users to maintain custody of their assets with a single conversion rate during purchases.
1inch co-founder Segej Kunz demonstrated the card’s virtual payment capability on social media, showcasing its user-friendly and efficient nature.
Each card will have a number, validity date, and CVC, enabling users to pay for goods and services with fiat currency, following immediate, fast, and secure conversion from crypto when a payment is made.
The card can also be used to make convenient one-touch payments for everyday essentials at in-person stores that support contactless payments. And, cardholders can withdraw cash with a physical or digital 1inch Card at any ATM that accepts Mastercard around the world.
While currently available in the UK and European economic areas, 1inch aims to expand the card’s availability globally, pending partnerships and regulatory approvals. Orest Gavryliak, the company’s chief legal officer, hinted at future geographical expansions.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/03/12/metamask-mastercard-test-on-chain-payment-card-via-baanx/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">MetaMask &amp; Mastercard Test On-Chain Payment Card via Baanx</a>
</blockquote>

1inch Network Launches Crypto Debit Card with Mastercard

The Crypto Times

2024년 4월 9일에 게재된 다른 기사

Shyft Network (SHFT) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

ECB and Clearstream launch joint effort to explore tokenized securities in CBDC trials

BitMEX Co-founder Anticipating Surge In BTC Amid Bitcoin Halving

SushiSwap’s Restructure Proposal Sparks Debate, Awaits Community Verdict

Raboo (RABT) Set To Be the Next Hot Crypto as Litecoin (LTC) and Toncoin (TON) Rally

Genesis Making Investment Changes In BTC To PayOff Creditors

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!