1inch launches a crypto debit card in partnership with Mastercard
Introduction
If you had dreamt of crypto going mainstream? Then your dreams have taken one step forward to getting realized. One of the hardest aspect of crypto payment is that it is still not widely accepted. Card payments still seem to be most popular. Well, 1inch has launched a revolutionary debit card that will make it easy for you to spend your crypto at the next check-out point.
1inch just partnered with a global payments giant Mastercard to design and launch a debit card denominated in crypto. Whether its BTC or ETH or BNB that you hold, you are now ready to pay for your next meal at the restaurant with your most valued digital tokens. Before we get into details, learn a little about the company leading this most welcome innovation.
1Inch takes crypto adoption further
1inch is a leading decentralized crypto exchange platform that has operated over the years. The platform offers many of the products you usually expect of a DEX. Some of the products include a liquidity pool with many crypto pairs that users can contribute to and earn rewards. They also have a secure defi wallet which makes it easy for users to store and manage their digital assets in a non=-custodial fashion.
This platform boasts a massive trading volume in excess of $400b. Users have created and manage more than 12m wallets with which they conduct various trades and transactions. 1inch supports cross-chain operation spanning across popular blockchains like Bitcoin, Ethereum, and the rest of them. The platform supports the growth of blockchain and defi systems by providing grants to developers and teams working for the community.
1Inch also has an API which it provides for platforms that would like to integrate an easy access to defi features offered by the platform. And now, 1Inch has taken this further by launching a debit card which would make it easy for crypto users all over the world to easily spend their digital assets without the usually stress and hassle that is often the case today. Take a look at the 1Inch crypto debit card.
Revolutionary crypto payments with a debit card.
This card looks just like your normal debit cards. For a user that does not know, it doesnt look different from other cards. But the idea and technology behind the card is different. This 1Inch card offers users a way to spend their crypto directly from their wallet without worrying about exchanges and fees. And there is no need to worry about crypto being accepted or not. 1Inch has made it easy for everyone with the card to spend crypto anywhere.
The company partnered with global payments leader in Mastercard. This amazing partnership ensures that the crypto cards have the same global acceptance that Mastercards have and also the security.
The 1Inch cards could be spend anywhere the Mastercard logo is accepted - virtually everywhere. They could be spent in stores, making payments over the counter, and online too. Once the card details is entered to make payments, the platform instantly converts the crypto to fiat at the best rates, all happening so fast and without stress.
Owners of the card could top them up anywhere by sending crypto to the address linked with the card. When opting to have the card, users can choose to get the physical card or a virtual one. If you are tired of carrying so many physical cards around, then you might just order the virtual card. Just enter the details anywhere and you can easily complete payments in no time.
Notable features of the card
The 1inch crypto card have all the features of a standard Mastercard and more. Below are some of what you will find in the cards.
Card number, CVC and date: These are important features of any Mastercard. Each of the 1inch crypto cards have a number at the front. The CVC is also found at the back. The card has expiry date written on it too. These are three features that are often needed when a customer wants to pay for goods or services online. With these features, users of the 1inch card could do online shopping or make payments anywhere Mastercard is accepted online.
Google Pay and Apple Pay integration: The 1Inch card is configured to work anywhere Google Pay or Apple Pay is accepted. This is a huge feature which definitely increases the number of places where the card could be used to complete payments.
ATM withdrawals support: If you really need cash at any point in time, just head to the nearest ATM machine. The card supports ATM cash withdrawals any where.
Conclusion
Crypto enthusiasts would definitely love the 1Inch crypto debit card. If you are excited to have this card which is still in production, you can head straight and join the waiting list here.
This article is for information purposes and not profession advice. Always do your own research first before investing in any project. The links below might be a great place to start:
Note: Thumbnail is mine.
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