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The 1inch Card will allow users to use their crypto for online and in-person purchases, and make cash withdrawals at supported ATMs through seamless crypto to fiat conversion.
1inch constantly strives to deliver the most efficient and user-friendly products. We are excited to unveil a new Web3 debit card to make the user journey even more seamless. It is issued by Crypto Life and powered exclusively by the Mastercard network. The&nbsp; 1inch Card will instantly convert crypto into a fiat currency. Thus, users will spend their crypto to pay for online and in-person purchases around the world wherever Mastercard is accepted.
Powered by Crypto Life, the 1inch Card will come in the form of a physical and virtual card. It will provide users with all the benefits of a standard debit card.
“This is another major step towards onboarding mass users to DeFi,” said Sergej Kunz, 1inch co-founder. “With the 1inch Card, the user can benefit from the advantages of both <a href="https://www.thecoinrepublic.com/2024/04/06/lepricon-redefining-gaming-and-entertainment/" rel="noopener noreferrer nofollow">DeFi </a>and traditional finance.”
“We’ve long championed solutions that not only meet customers where they are, but also deliver ubiquity, peace of mind and the highest levels of security,” said Christian Rau, Senior Vice President, Crypto and Fintech Enablement at Mastercard. “Leveraging Mastercard’s leading technology and standards, the 1inch Card is connecting Web2 and Web3 worlds in an innovative way.”
“1inch have long been a pioneer in the DEX space with their market leading exchange aggregator; having created an exceptional brand and reputation. Baanx is pleased to integrate the Crypto Life Card into the 1inch user ecosystem in partnership with Mastercard and looks forward to a successful partnership,” said Simon Jones, CCO, Baanx and Crypto Life.
Each card will have a number, validity date, and CVC. It will enable users to pay for goods and services with fiat <a href="https://www.thecoinrepublic.com/2024/04/05/this-cryptocurrency-is-giving-investors-a-second-chance-who-missed-shib-and-bonk/" rel="noopener noreferrer nofollow">currency</a>. It will initiate immediate, fast, and secure conversion from crypto as a payment is made. All it needs is crypto in the 1inch Wallet.&nbsp;
Users can use this card to make convenient one-touch payments for everyday essentials at in-person stores that support contactless payments. Cardholders can withdraw cash with a physical or digital 1inch Card at any ATM that accepts Mastercard around the world.&nbsp;
The 1inch Card powered by Crypto Life and Mastercard will initially be available to UK and EEA users. Join the 1inch Card waiting list at: <a href="https://1inch.io/card" target="_blank" rel="noopener noreferrer nofollow">1inch.io/card</a>.&nbsp;
<h2 class="wp-block-heading" id="strong-about-1inch-strong-a-href-http-1inch-io-rel-noopener-noreferrer-nofollow-strong-1inch-io-strong-a-strong-strong">About 1inch (<a href="http://1inch.io" rel="noopener noreferrer nofollow">1inch.io</a>)</h2>
The 1inch Network unites decentralized protocols, empowering users to perform efficient, user-friendly, and secure operations in the DeFi space. The 1inch dApp offers access to hundreds of liquidity sources across multiple chains. It includes the 1inch Aggregation Protocol, the 1inch Liquidity Protocol, the 1inch Limit Order Protocol, and the 1inch Wallet. Its wallet is a fast and secure mobile application for storing, receiving, sending, and swapping <a href="https://www.thecoinrepublic.com/2023/12/29/lost-crypto-assets-in-2023-amount-for-1-8-billion-immunefi/" rel="noopener noreferrer nofollow">crypto assets</a>.
<h3 class="wp-block-heading" id="strong-about-mastercard-strong-a-href-https-www-mastercard-com-rel-noopener-noreferrer-nofollow-strong-www-mastercard-com-strong-a-strong-strong">About Mastercard (<a href="https://www.mastercard.com" rel="noopener noreferrer nofollow">www.mastercard.com</a>)</h3>
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere, by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships, and passion, our solutions help individuals, financial institutions, governments, and businesses realize their potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
<h3 class="wp-block-heading" id="strong-about-crypto-life-card-strong-a-href-https-withcl-com-target-_blank-rel-noopener-noreferrer-nofollow-strong-withcl-com-strong-a-strong-strong">About Crypto Life Card (<a href="https://withcl.com" target="_blank" rel="noopener noreferrer nofollow">withcl.com</a>)</h3>
Our motivation is to create a new paradigm in financial services and how people use their money and prosper. We are tireless to always better our products and services. We strive to create a seamless customer experience that empowers people to achieve their life goals wherever they may live. Baanx Group Limited owns the Crypto Life Card.
<h4 class="wp-block-heading">Contact for 1inch</h4>
Pavel Kruglov, PR and Communications
<a href="mailto:p.kruglov@1inch.io" target="_blank" rel="noopener noreferrer nofollow">p.kruglov@1inch.io</a>
<h4 class="wp-block-heading">Contact for Mastercard</h4>
Biz Cozine, Director, Communications
<a href="mailto:Biz.Cozine@Mastercard.com" target="_blank" rel="noopener noreferrer nofollow">Biz.Cozine@Mastercard.com</a>&nbsp;
<h4 class="wp-block-heading">Contact for Crypto Life Card</h4>
Tanya Dias, CMO
<a href="mailto:tanya.dias@baanx.com" target="_blank" rel="noopener noreferrer nofollow">tanya.dias@baanx.com</a>&nbsp;
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com and all its authors do not, and will not endorse any information on any company or individual on this page. Readers are encouraged to do their research and take any actions based on their findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com and all its authors do not and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

1inch launches Web3 debit card in partnership with Mastercard and Crypto Life

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