The Baanx cryptocurrency debit card firm has been associated with a visa to launch Stablecoin payment cards linked to self -odial wallets, starting in the US.
Visa cards allow holders to spend USDC directly from their cryptography wallets, using intelligent contracts to move a Stablecoin balance after the authorization of the consumer card to Baanx in real time, with BAANX turning the balance in Fiat for payment, according to a press release on Wednesday.
Allowing people to manage their money in the chain with the help of the main card networks such as Visa and Mastercard is a rapid growth segment within Crypto. Baanx, a firm that specializes in cryptographic debit cards, is also working with Mastercard on a card linked to Metamk wallets.
Stablecoin payments are also warming up with Circle recently announcing their own payment network initially focused on cross -border payments and remittances.
Visa cards linked to Baanx Stablecoin promise a global scope with low -cost cross -border payments in the mixture, according to the statement.
“In many regions, access to a stable currency is a luxury. We are giving people the ability to maintain and spend status backed by USD without problems, in a self -with and real time, in any place that the visa is accepted. This is how the future of finances is seen,” said Simon Jones, Baeanx chief commercial director in a statement.
“We know that the payment ecosystem is still in the first entries of the adoption of Stablecoin, but the usefulness of the real world is reaching the avant -garde, and we are excited about what follows,” said Rubil Birwadker, the head of visa growth products and associations in a statement.
