Baanx Collaborates with Circle to Launch a Rewards Wallet
The Rewards Wallet, developed using Circle’s programmable wallet technology, offers cryptocurrency users access to cashback, fee discounts, and exclusive subscription benefits.
Baanx, a cryptocurrency debit card provider for platforms like MetaMask and 1inch, has launched a rewards wallet that integrates traditional loyalty features with on-chain finance. This service harnesses technology from Circle, the issuer of the USDC stablecoin.
Key Details:
- Baanx provides non-custodial debit cards for both MetaMask and DeFi platform 1inch.
- The Rewards Wallet utilizes USDC as the primary treasury asset and incentive currency.
This wallet is designed to enhance the utility of cryptocurrency by bridging traditional finance with blockchain advancements. Baanx Chief Commercial Officer Simon Jones stated, > “We’ve created the Rewards Wallet using Circle to offer unprecedented rewards on our crypto debit cards, incentivizing users to prefer non-custodial spending.”
The ongoing integration between conventional card networks and the DeFi ecosystem continues to grow. Notably, Mastercard has partnered with MetaMask and Visa has entered discussions regarding collaborations with Sam Altman’s World Network.
Further Context:
The Rewards Wallet aims to fill the gap between blockchain technology and regular financial requirements. According to Sanja Kon from Circle, > “Circle Wallets provide an excellent foundation for the Rewards Wallet. By applying this technology, Baanx is delivering genuine value to cryptocurrency users in innovative ways.”
For more information on the Rewards Wallet, visit Baanx.
Conclusion:
Baanx’s initiative signifies a crucial step towards integrating cryptocurrency into everyday financial solutions, enhancing the user experience while promoting broader adoption.
