1inch Network has announced the launch of a new crypto debit card.
The card, issued by Crypto Life and powered by the Mastercard network, will come in both physical and virtual forms and is designed to revolutionize how users engage with their digital assets.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is Odysee & LBRY? Is Decentralized YouTube Possible? (ANIMATED)
It features all the standard security details like a card number, validity date, and CVC.
The card will enable users to effortlessly make online and physical store purchases directly from their crypto wallets, as well as cash withdrawals at ATMs where Mastercard is accepted, through an instant crypto-to-fiat conversion process.
It also allows for easy one-touch payments at stores that support contactless payments, as demonstrated by 1inch Network co-founder Segej Kunz on X.
The card is initially available only to users based in the United Kingdom and the European economic areas. However, expansion plans are on the horizon.
Christian Rau, Senior Vice President of Crypto and Fintech Enablement at Mastercard, emphasized the significance of the new card:
We’ve long championed solutions that not only meet customers where they are, but also deliver ubiquity, peace of mind and the highest levels of security. Leveraging Mastercard’s leading technology and standards, the 1inch Card is connecting Web2 and Web3 worlds in an innovative way.
By offering a user-friendly solution that addresses the complexities of crypto-to-fiat conversion, this partnership not only simplifies digital transactions but also paves the way for a more inclusive financial future.
At the beginning of March, SafePal and Fiat24 also launched a physical crypto card in collaboration with Visa.
