According to PANews, 1inch Network, in collaboration with crypto card developer Baanx and payment giant Mastercard, has launched a Web3 debit card named 1inch Card. This debit card allows users to seamlessly convert their cryptocurrency to fiat currency for online and offline shopping, and cash withdrawals at supported ATMs. The 1inch Card will be available in both physical and virtual forms, offering all the advantages of a standard debit card.
It is reported that Baanx's 'Crypto Life' card is also used by crypto storage company Ledger. Recently, Mastercard has been reported to be exploring the intersection of Web3 applications and payment fields in collaboration with Ethereum wallet Metamask.