1inch Card: Bridging Traditional Finance And Web3

1inch Network, Mastercard, and Baanx have joined forces to create the 1inch Card. This innovative card helps people use their digital money online, in stores, and at ATMs. It connects traditional finance with the growing Web3 world.


Key Takeaways

  • 1inch Card Development: Developed with Baanx’s expertise and Mastercard’s infrastructure, the 1inch Card is a flexible payment solution.
  • Global Acceptance: Using Mastercard’s extensive network, the card is widely accepted, simplifying transactions across borders and locations.
  • Integration with Web3: The collaboration between 1inch and Mastercard signifies the merging of Web3, DeFi blockchain, and traditional finance.
  • Effortless Conversion: Easily convert cryptocurrency to fiat currency for convenient global transactions.
  • Physical or Virtual Card Options: Choose between physical or virtual card formats for personalized convenience.
  • Access to Merchant Locations: Enjoy access to over 160 million merchant locations worldwide for widespread acceptance.
  • Integration with Traditional Networks: Seamlessly bridge Web3 and traditional finance, empowering users to embrace crypto without compromise.
  • Seamless Connectivity: Drive crypto adoption with an innovative solution connecting Web2 and Web3 seamlessly.
  • Applause for Innovation: The 1inch Card makes crypto accessible to those familiar with traditional finance, according to 1inch co-founder Sergej Kunz.

1inch Card was developed in collaboration with Baanx, a leading player in the crypto card space. It uses the extensive infrastructure of Mastercard. With Baanx’s expertise and Mastercard’s credibility – the 1inch Card rises as a flexible payment solution. It can benefit the needs of modern crypto enthusiasts.

The 1inch Card changes crypto into regular money easily. This helps people buy things and take out cash all around the world. People can get the card as a physical one or as a virtual one. This lets them pick what suits them best.

Global Acceptance

The card is widely accepted, mainly because it works in lots of places around the world. What makes it even easier is the fact that it uses Mastercard’s big network. This means people can use it in many different countries and places, making it simpler to pay for things.

The 1inch Card joining with Mastercard shows how Web3 and regular payments are coming together. Mastercard is also working with Metamask which is a sign that shows they support DeFi and blockchain.

Features of the 1inch Card Benefits
Effortless conversion of cryptocurrency to fiat currency Convenient transactions globally
Physical or virtual card formats Flexibility for users’ preferences
Access to over 160 million merchant locations worldwide Widespread acceptance and usability
Integration with traditional payment networks Bridging Web3 and traditional finance
Empowering users to embrace crypto without compromise Onboarding users to digital finance easily
Seamless connectivity between Web2 and Web3 Innovative solution driving crypto adoption

Applause for Innovation

Sergej Kunz, one of the people who started 1inch, talked about how the card helps people who are used to regular money but want to try crypto. Simon Jones, who is in charge of business at Baanx, agreed. He said they want to give people a way to use crypto without any problems.

Christian Rau, who works at Mastercard with crypto and fintech, liked how the 1inch Card mixes the old and new internet. He thinks it’s a big deal that Mastercard supports this, showing how important it is to use crypto to pay for things.

The 1inch Card launching is a big step forward for using crypto to pay for things. 1inch, Baanx, and Mastercard worked together to make it easy and safe. Now, paying with crypto is even easier and more convenient.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.