CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
CoinDesk 2025-03-28 18:00:00

Crypto Card Firm Baanx Partners With Circle for Rewards Wallet

Baanx , a cryptocurrency debit card enabler for the likes of MetaMask and 1inch, has introduced a rewards wallet combining on-chain finance with traditional loyalty perks and discounts, using underlying technology from Circle, the provider of the USDC stablecoin. Built on Circle’s programmable wallet tech , the Baanx platform allows crypto holders access to cashback, fee discounts, subscription perks and exclusive gated experiences, according to a press release. An ongoing convergence between traditional card networks and the on-chain world of stablecoins and decentralized finance (DeFi) has seen Mastercard partner with Web3 wallet MetaMask, and more recently reports of Visa in talks with Sam Altman’s World Network. The rewards wallet offering helps bridge the gap between blockchain and everyday financial needs, said Baanx Chief Commercial Officer Simon Jones. “We've built the Rewards Wallet using Circle to offer rewards on a crypto debit card that are unprecedented, and so incentivizing users to go down the route of non-custodial spend,” Jones said in an interview. “For instance, if you look at the MataMask card, it’s up to 6% cash-back for the first month.” Circle, famous as the creator of the $60 billion stablecoin USDC, offers programmable wallet infrastructure that allows for adding features to multiple crypto projects without having to change the user interface, Jones said. “We are pushing USDC as the main treasury token and incentive program within these products, as opposed to Tether [USDT],” he said. Sanja Kon, VP of partnerships & business development, Europe at Circle said in a statement: “Circle Wallets provide a fantastic foundation for the Rewards Wallet. By integrating this technology, Baanx is bringing real-world value to crypto users in new and exciting ways.”

https://www.digistore24.com/redir/325658/ceobig/
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.