1inch Network has teamed up with Mastercard and Baanx to introduce a Web3 debit card that seamlessly converts cryptocurrency to fiat, simplifying online and peer-to-peer (P2P) transactions.
Unmatched Convenience and Accessibility
This card will be available in both physical and virtual forms and offers the benefits of conventional payment methods while also tapping into the potential of the crypto economy.
The 1inch Card is a versatile payment card that offers various functionalities to meet a wide range of spending needs. It comes in two options – a physical card that allows cash withdrawals from ATMs worldwide where Mastercard is accepted, and a virtual card that is compatible with major digital wallets like Apple Pay and Google Pay, allowing for seamless contactless transactions in physical stores.
The payment solution will first be available to residents in the United Kingdom and the European Economic Area (EEA). Interested users from these regions can sign up for a waiting list to be among the first to try out this solution. The 1inch Network plans to expand the availability of this payment solution based on demand and regulatory compliance.