1INCH LAUNCHES WEB3 DEBIT CARD IN PARTNERSHIP WITH MASTERCARD AND BAANX

Imagine a world where you can seamlessly spend your crypto assets anywhere you go, just like using a traditional debit card. London, August 14th, 2025 Today, MetaMask (developed by Consensys), Mastercard and Baanx (which powers the Crypto Life platform) announced the pilot launch of MetaMask Card, enabling MetaMask wallet users to seamlessly use their cryptocurrency for everyday purchases in fiat currency (e.g, euros, ) anywhere around the world Mastercard is accepted.This is the reality 1inch Network, a leading decentralized exchange (DEX) aggregator, is bringing to life.In a groundbreaking move poised to accelerate mainstream crypto adoption, 1inch has partnered with financial giants Mastercard and Baanx to launch the innovative 1inch Card.This Web3 debit card empowers users to spend their digital currencies at over 90 million merchants worldwide where Mastercard is accepted, bridging the gap between the decentralized world of crypto and the established world of traditional finance. Web3 News; 2 minute read Mastercard to Power DEX Platform 1inch Network s Web3 Debit Card. Nicholas Kitonyi. Ap. Holders of the 1-inch Card can useBut what makes this card truly revolutionary? Decentralized exchange (DEX) aggregator 1inch Network has created a Web3 debit card in partnership with crypto card developer Baanx and powered by payments giant Mastercard, the companies said on Tuesday. The 1inch Card will allow users to use their crypto for online and in-person purchases and make cash withdrawals at supported ATMs throughIt allows users to retain custody of their funds, offering a secure and convenient way to utilize their crypto holdings for everyday purchases, online transactions, and even ATM withdrawals.This collaboration marks a significant step forward in making cryptocurrency more accessible and user-friendly for everyone, paving the way for a future where digital assets are seamlessly integrated into daily life. 1inch Network's commitment to innovation, combined with the trusted power of Mastercard and the fintech expertise of Baanx, promises a transformative experience for crypto enthusiasts and newcomers alike.This article delves into the details of the 1inch Card, exploring its features, benefits, and the implications for the future of Web3 and finance.

Understanding the 1inch Card: Bridging Crypto and Fiat

The 1inch Card is more than just another debit card; it's a gateway to a truly decentralized financial future. In a move towards mainstream crypto adoption, 1inch Network has joined forces with payments giant Mastercard and fintech firm Baanx to roll out a Web3 debit card. Dubbed the 1inch Card, this innovative offering allows users to seamlessly spend their digital assets for online purchases, in-person transactions, and cash withdrawals at ATMsDeveloped in collaboration with Baanx, a crypto card developer authorized by the UK's Financial Conduct Authority (FCA), and powered by Mastercard's global payment network, the card offers a seamless and secure way to convert crypto assets into fiat currency for everyday spending.Let's break down the key features:

• Crypto-to-Fiat Conversion: The card enables instant conversion of cryptocurrency to fiat currency at the point of sale, allowing users to spend their digital assets wherever Mastercard is accepted.
• Custodial Control: Unlike some crypto debit cards that require users to transfer their funds to a third-party custodian, the 1inch Card allows users to retain full control and custody of their crypto assets within their 1inch Wallet.
• Global Acceptance: Powered by Mastercard, the card can be used at over 90 million merchant locations worldwide, both online and in-person.
• ATM Withdrawals: Users can also withdraw cash from supported ATMs using the card's crypto-to-fiat conversion feature.
• Physical and Virtual Card Options: The 1inch Card is available as both a physical card and a virtual card, providing users with flexibility and convenience.

How Does the 1inch Card Work?

The 1inch Card operates through a sophisticated but user-friendly process:

1. Fund Your 1inch Wallet: Users need to have cryptocurrency tokens in their 1inch Wallet to use the card.
2. Spending: When making a purchase, the card instantly converts the required amount of cryptocurrency into fiat currency.
3. Transaction Approval: The transaction is processed through the Mastercard network, just like a traditional debit card.
4. Balance Update: The user's 1inch Wallet balance is automatically updated to reflect the crypto-to-fiat conversion.

The Power of Partnership: Mastercard, Baanx, and 1inch Network

The success of the 1inch Card hinges on the synergistic partnership between three key players: 1inch Network, Mastercard, and Baanx.

• 1inch Network: As a leading DEX aggregator, 1inch provides access to a wide range of decentralized finance (DeFi) protocols and liquidity sources, enabling users to optimize their crypto transactions and manage their digital assets efficiently. The 1inch Card will allow users to use their crypto for online and in-person purchases, and make cash withdrawals at supported ATMs through seamless crypto to fiat conversionThe 1inch Wallet serves as the secure and user-friendly foundation for the 1inch Card.
• Mastercard: A global payments giant, Mastercard brings its extensive network, security infrastructure, and expertise in processing transactions to ensure seamless and reliable payments worldwide.Mastercard's involvement lends credibility and trust to the 1inch Card, encouraging wider adoption.
• Baanx: A fintech firm specializing in cryptocurrency payments, Baanx is the technology provider behind the 1inch Card.They are authorized by the UK's FCA and provide the necessary infrastructure and compliance to enable crypto-to-fiat conversion and card issuance. Mastercard has been working with Baanx on its web3 payments initiative, connecting traditional payments with crypto platforms like hardware wallet firm Ledger and decentralized exchange 1inch.Their Crypto Life platform powers the card's functionality, ensuring a smooth and secure user experience.

This collaboration exemplifies the growing convergence of traditional finance and the decentralized world, paving the way for innovative solutions that benefit both crypto enthusiasts and the wider public.

Benefits of the 1inch Card: A User-Centric Approach

The 1inch Card offers a multitude of benefits to its users, making it an attractive option for anyone looking to seamlessly integrate crypto into their daily lives:

• Convenience: The card simplifies the process of spending cryptocurrency, eliminating the need to manually convert assets and transfer them to a traditional bank account.
• Control: Users retain full custody of their funds, providing peace of mind and reducing the risk of losing assets to centralized custodians.
• Accessibility: The card can be used at millions of locations worldwide, making it easy to spend crypto on everyday purchases, travel, and more.
• Security: The card is protected by Mastercard's robust security features, ensuring safe and secure transactions.
• Integration: The card seamlessly integrates with the 1inch Wallet, providing a unified platform for managing and spending crypto assets.

By prioritizing user convenience, security, and control, the 1inch Card empowers individuals to take ownership of their financial future and embrace the benefits of decentralized finance.

Impact on Web3 Adoption and Traditional Finance Integration

The launch of the 1inch Card represents a significant milestone in the journey towards mainstream Web3 adoption and the integration of traditional finance with the decentralized world. Decentralized exchange (DEX) aggregator 1inch Network has created a Web3 debit card in partnership with crypto card developer Baanx and powered by payments giant Mastercard, the companiesBy providing a user-friendly and accessible way to spend cryptocurrency, the card has the potential to:

• Drive Crypto Adoption: The ease of use and convenience of the card can attract new users to the world of cryptocurrency, increasing overall adoption and awareness.
• Bridge the Gap: The card bridges the gap between traditional finance and the decentralized world, making it easier for people to use crypto in their daily lives.
• Empower Users: The card empowers users to take control of their financial assets and participate in the growing Web3 ecosystem.
• Foster Innovation: The card encourages innovation in the crypto payments space, paving the way for new and exciting applications of blockchain technology.

The partnership between 1inch Network, Mastercard, and Baanx serves as a model for future collaborations between traditional financial institutions and Web3 companies, demonstrating the potential for mutual benefit and innovation.

Addressing Common Questions about the 1inch Card

As with any new technology, users often have questions about the functionality, security, and implications of the 1inch Card. 1inch Network teams with Mastercard for Web3 Crypto Card. Spend crypto anywhere with the 1inch Card in 160M locations. Seamless crypto-to-fiat with 1inch's new debit card. 1inch Network, a decentralized exchange (DEX) aggregator, has introduced a Web3 crypto debit card as part of its initiative inHere are some common questions and their answers:

Is the 1inch Card secure?

Yes, the 1inch Card is protected by Mastercard's robust security features, including fraud monitoring and dispute resolution mechanisms.Additionally, users retain custody of their funds within their 1inch Wallet, reducing the risk of losing assets to centralized custodians.

What cryptocurrencies can be used with the 1inch Card?

The specific cryptocurrencies supported by the 1inch Card may vary depending on the region and regulatory requirements.However, it is expected that the card will support a wide range of popular cryptocurrencies available within the 1inch Wallet.

Are there any fees associated with using the 1inch Card?

Details regarding fees, such as transaction fees or currency conversion fees, will be clearly disclosed to users before they apply for the card. 1inch Network, a decentralized exchange (DEX) aggregator, has unveiled a crypto debit card with developer Baanx, powered by Mastercard. Baanx s Crypto Life card is also used by cryptoIt is important to review the fee schedule carefully to understand the costs associated with using the card.

How do I apply for the 1inch Card?

The application process for the 1inch Card will likely involve downloading the 1inch Wallet and following the instructions provided within the app. In a strategic move to bridge the gap between traditional financial systems and the rapidly expanding Web3 ecosystem, 1inch Network has partnered with Mastercard and Baanx to introduce the innovative 1inch Card.Users may need to provide personal information and undergo a verification process to comply with regulatory requirements.

What happens if my 1inch Card is lost or stolen?

Users should immediately report a lost or stolen card to the appropriate authorities and contact 1inch Network or Baanx to cancel the card.A replacement card can typically be issued upon request.

The Future of Crypto Payments: What's Next for 1inch and Web3?

The launch of the 1inch Card marks a significant step forward in the evolution of crypto payments.As the Web3 ecosystem continues to mature and regulatory frameworks become clearer, we can expect to see even more innovative solutions that bridge the gap between traditional finance and the decentralized world. 1inch Network is well-positioned to lead the charge in this space, leveraging its expertise in DEX aggregation, DeFi protocols, and user-friendly wallets to create a seamless and accessible experience for crypto users.

Future developments in the crypto payments space may include:

• Expansion of Supported Cryptocurrencies: Supporting a wider range of digital assets, including stablecoins and NFTs.
• Integration with More DeFi Protocols: Enabling users to earn yield on their crypto assets while using the card for everyday spending.
• Enhanced Security Features: Implementing advanced security measures to protect users from fraud and theft.
• Global Expansion: Making the card available in more countries and regions around the world.

Conclusion: Embracing the Web3 Revolution with the 1inch Card

The 1inch Card, a result of the strategic partnership between 1inch Network, Mastercard, and Baanx, is a game-changer in the world of cryptocurrency.By offering a seamless and secure way to spend crypto assets for everyday purchases, the card empowers users to take control of their financial future and embrace the benefits of decentralized finance.With its global acceptance, custodial control, and user-friendly design, the 1inch Card is poised to drive mainstream Web3 adoption and accelerate the integration of traditional finance with the decentralized world. Through instant conversion from crypto to fiat currency, the 1inch Card will allow users to spend their crypto to pay for online and in-person purchases around the world wherever Mastercard is accepted, while still retaining custody of their funds.The key takeaways from this innovative launch are:

• Seamless Crypto Spending: Easily use your crypto for online and in-person purchases wherever Mastercard is accepted.
• Custodial Control: Maintain full control of your digital assets within your 1inch Wallet.
• Global Accessibility: Spend your crypto worldwide at millions of merchant locations.
• Bridge to Traditional Finance: Simplify the integration of crypto into everyday financial transactions.

Are you ready to experience the future of finance?Explore the possibilities with the 1inch Card and unlock the potential of Web3!To learn more and potentially apply for the card when available in your region, visit the 1inch Network official website and stay tuned for updates.