DEX Aggregator 1inch Partner with Mastercard to Rollout Crypto Debit Card

Captured By Tracy D'souza / 3:38 pm on 9 April 2024

Decentralized exchange aggregator 1inch has unveiled a crypto debit card, which will enable crypto users for online and in-person purchases. The card is powered by payments giant Mastercard and developed in partnership with Baanx. Per the announcement on Monday, the 1inch Crypto Card will allow users to make seamless cash withdrawals at supported ATMs through crypto-to-fiat conversion. “This is another major step towards onboarding mass users to DeFi,” said Sergej Kunz, 1inch co-founder. “With the 1inch Card, the user can benefit from the advantages of both DeFi and traditional finance.”