baanx

According to CoinDesk, cryptocurrency wallet company Exodus Movement will acquire the parent company of cryptocurrency card and payment companies Baanx and Monavate, W3C Corp, for $175 million. This transaction is composed of the company's own cash and financing provided by Galaxy Digital, with the financing secured by the Bitcoin held by Exodus.Baanx and Monavate have been collaborating with institutions such as Visa, Mastercard, and MetaMask to develop cryptocurrency cards and user-custodied Web3 payment services. This transaction will make Exodus one of the few self-custody wallet providers capable of controlling the entire payment experience from wallet to card.

ChainCatcher news, according to CoinDesk, Baanx has partnered with Visa to launch a stablecoin payment card linked to self-custody wallets, initially supporting USDC issued by Circle. The card "allows cardholders to spend USDC directly from their crypto wallets," transferring the USDC balance in real-time to Baanx via smart contracts upon authorization, which is then exchanged for fiat currency to complete the payment. Baanx is also collaborating with Mastercard to develop a wallet card linked to MetaMask. Baanx stated, "We are empowering people to hold and spend dollar stablecoins in a self-custody, real-time manner—this is the future of finance."

ChainCatcher news, according to The Block, MetaMask has partnered with CompoSecure and Baanx to launch the MetaMask "metal card," which is set to be released globally in the second quarter. The card allows users to make payments directly from their self-custodied MetaMask wallet without the need for pre-loading, converting to fiat, or relying on centralized exchanges.All transactions will be authorized via smart contracts within 5 seconds, and users will need to hold cryptocurrency on the Linea network. The card aims to address the "last mile" problem of cryptocurrency payments, thereby promoting the mainstream adoption of digital assets. MetaMask previously launched a pilot program in August 2024 and previewed the metal card at the ETHDenver conference in March this year. Additionally, the company plans to increase support for Bitcoin and Solana this year.

ChainCatcher news, according to CoinDesk, crypto debit card company Baanx is providing non-custodial debit cards for the Web 3 wallet MetaMask and the DeFi platform 1inch. It builds a rewards wallet using Circle's programmable wallet infrastructure, offering fee discounts for cryptocurrency holders. The rewards wallet will use Circle's USDC as the primary reserve token and will be used for its incentive program.

ChainCatcher news, according to CoinDesk, MetaMask has announced a partnership with payment giant Mastercard and crypto payment expert Baanx to launch a blockchain debit card. This debit card allows MetaMask users to make purchases directly from their self-custodied crypto wallets.The card is expected to be fully launched later this year, initially piloted among a small number of users in the EU and the UK. Users can spend assets held in USDC, USDT, and wETH on the Linea network.

ChainCatcher news, according to CoinDesk, Tezos will collaborate with digital asset card provider and Mastercard partner Baanx to launch a new crypto payment debit card.Transactions involving the non-custodial crypto card branded with Tezos will take place on Etherlink, a Layer 2 blockchain compatible with Ethereum, powered by Tezos Smart Rollups technology for fast and inexpensive payments.The debit card supported by the Tezos Foundation will be accepted by over 110 million global merchants compatible with Mastercard.

ChainCatcher news, according to CoinDesk, the DEX aggregator 1inch Network has partnered with crypto card developer Baanx, supported by payment giant Mastercard, to launch a Web3 debit card.It is reported that the Web3 debit card launched by 1inch allows users to use cryptocurrencies for online and offline purchases, and enables cash withdrawals at supported ATMs through seamless conversion from cryptocurrency to fiat.

ChainCatcher news, according to CoinDesk, MetaMask is collaborating with Mastercard to test the first blockchain payment card. Marketing materials show that the MetaMask/Mastercard payment card is issued by Baanx and will be "the first truly decentralized Web3 payment solution," allowing users to use cryptocurrency for everyday purchases anywhere that accepts bank cards.

ChainCatcher news, according to CoinDesk, the crypto payment company Baanx announced the completion of a $20 million Series A funding round, which included investments from Ledger, Tezos, Chiron, and a UK commercial bank, bringing the company's total funding to over $30 million.It is reported that Baanx is a cryptocurrency payment company authorized by the UK's Financial Conduct Authority (FCA), operating the Ledger card product, which recently signed a three-year partnership with Mastercard in the UK and Europe. Baanx Chief Business Officer Simon Jones stated, "Over the past 12 months, we have been building a range of non-custodial on-chain products, creating a new type of crypto payment. Allowing users to have complete control over their funds while enabling real-world spending, we aim to power the next generation of crypto payments."

ChainCatcher news, according to CoinDesk, Mastercard is expanding its "Engage" program, which connects potential issuing institutions with partners that can provide the appropriate technical expertise to help bring cryptocurrency card projects to market, allowing more and more crypto companies to leverage Mastercard's global network.Mastercard stated that Mastercard Engage helps shorten the time required to bring crypto cards to market and provides cryptocurrency to fiat conversion capabilities. The system identifies and establishes partnerships with issuing companies or BIN (Bank Identification Number) sponsors seeking to launch crypto cards.A batch of crypto payment companies designated by Mastercard to join the Engage program includes: Baanx, Credencial Payments, Episode 6, Immersve, Monavate, Moorwand, PayCaddy, Paymentology, Pomelo, Swap, and Unlimit. (source link)