The 1inch Network, in partnership with Baanx and Mastercard, has introduced the 1inch Card, a web3 debit card designed to streamline the use of cryptocurrencies for everyday transactions. This new card enables users to make online and in-person purchases, as well as cash withdrawals at supported ATMs, through seamless crypto-to-fiat conversion.

Key points about the 1inch Card:

– The card bridges the gap between digital and fiat currencies, available in physical and virtual forms for user convenience.
– Large payment networks like Mastercard and Visa are increasingly integrating web3 applications and wallets into their payment systems.
– The 1inch Card aims to onboard individuals who are new to crypto, providing them with easy access to using their digital assets.
– The partnership with Baanx highlights the merging of traditional financial mechanisms with the flexibility of the crypto world.
– Users can utilize the 1inch Card at over 160 million locations globally, empowering them to make transactions with their digital assets.

This initiative symbolizes the connection between Web2 and Web3 worlds, leveraging Mastercard’s technology and standards to offer an innovative payment solution. With the 1inch Card, crypto holders can now seamlessly transition from hodling to spending, both online and offline.

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