Baanx launches Crypto Life Card, expanding global cryptocurrency payment and lending services.

Simon Jones, Chief Business Officer of Baanx, discussed the role of crypto debit cards in promoting the adoption of cryptocurrencies during an interview. Baanx collaborated with Ledger, 1inch, and Mastercard to launch the Crypto Life Card, allowing users to use cryptocurrencies at 90 million merchants worldwide. The card is currently available in 32 countries and is planned to expand to the United States and Latin America. Jones emphasized the development of Web3 infrastructure, such as the integration of fintech and cryptocurrencies, account abstraction, and the importance of these technologies in enhancing crypto payments and debit card operations. The Crypto Life Card also offers flexible asset storage and spending options, as well as lending services in multiple countries, enabling users to borrow fiat currency for consumption without liquidating cryptocurrencies.