Users will be able to make cash withdrawals and point-of-sale transactions at supported ATMs and locations.
Decentralized finance (DeFi) firm 1inch Network has debuted a new debit card with cryptocurrency-to-fiat bridge functionality. The new card was developed in partnership with Mastercard and Baanx.
According to a blog post from 1inch, the new debit cards will feature full functionality, including a physical card featuring an account number, expiration date and the “CVC” security code required to conduct some transactions. It will also have a virtual card feature allowing users to conduct transactions digitally where supported.
Christian Rau, senior vice president of crypto and fintech enablement at Mastercard, said in a statement that the new card serves as a necessary bridge between the Web3 and Web2 worlds:
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Source: https://cointelegraph.com/news/1inch-unveils-crypto-debit-card-web3-partnership-master-card-baanx