Tezos

Apple

Foundation

Baanx

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tezos-foundation-introduces-mastercard-compatible-payment-card/" data-wpel-link="internal">Tezos Foundation Introduces Mastercard-Compatible Payment Card</a> 
While <a href="https://en.coin-turk.com/bitcoin-holding-becomes-profitable-for-80-of-investors/" data-wpel-link="internal">BTC</a> lingered at $57,500, XTZ Coin price increased by 4%, directly linked to recent news. Tezos was expected to announce significant news this week, which it did. Recently, the Tezos Foundation, the organization behind the crypto project, announced a Mastercard-compatible payment card. 
<h2 style="text-align: justify" id="payment-with-cryptocurrency">Payment with Cryptocurrency</h2> 
Tezos branded, non-custodial crypto card will work with layer2 network Etherlink. The EVM-compatible network, supported by Tezos Smart Rollups technology, focuses on efficiency. Promising fast and cheap payments, the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">new product</a> will be accepted by 110 million merchants thanks to Mastercard support. The layer2 solution promises a transaction approval delay of under 1 second. If they achieve this goal, it will be a significant step towards real-world usage. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-369237 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/XTZUSDT_2024-07-09_19-44-25.png" alt="" width="1814" height="836"> 
We already had an example of Mastercard and Baanx launching the MetaMask bank card. Similarly, we saw 1Inch taking a similar step. There has been a 4-year partnership and investment collaboration between the Tezos Foundation and Baanx. 
Siddharth Singhal, the business development manager of Tezos developer Trilitech, said: 
<blockquote> 
 “We have created a non-custodial payment experience on the network, allowing users to spend their balances on the blockchain just like any Mastercard. It will work seamlessly wherever the bank card is accepted, just like Apple Pay, Google Pay, and other real-life options.” 
</blockquote> 
A Baanx official said: 
<blockquote> 
 “There are approximately 1.2 billion people without access to <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">financial services</a>, as well as people who fundamentally want to break away from banks. Another use case could be the creative economy; for example, you might be running a game wallet and paying users, but you don’t want to give the revenues back to Apple. Why not go directly to the consumer?” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/tezos-foundation-introduces-mastercard-compatible-payment-card/" data-wpel-link="internal">Tezos Foundation Introduces Mastercard-Compatible Payment Card</a></h5>

Tezos Foundation Introduces Mastercard-Compatible Payment Card

Table of Contents

COINTURK NEWS

Other articles published on Jul 9, 2024

BONK Price Surges 25% on Solana After Token Burn Proposal

PEPE Meme Coin on the Brink of Massive Pump or Crash: BONK Looks Ready For Next Leg Up

Circle Launches Euro-Backed Stablecoin EURC on Base Network

PawFury (PAW) Secures $4M In Funding, Positioned To Surpass Chainlink And Avalanche

Big Tech Faces Financial Reckoning if Human-Level AI Doesn’t Happen Soon

Bitcoin Rally on the Horizon: Is Now the Best Time to Buy BTC?

Join our free newsletter for daily crypto updates!