1inch Network has made a groundbreaking announcement with the launch of a new crypto debit card in partnership with Crypto Life and Mastercard. This innovative card will be available in both physical and virtual forms, aiming to simplify digital asset transactions for users.
The card comes equipped with essential security measures, including a card number, validity date, and CVC, ensuring the safety of users’ funds. One of the key features of the card is its ability to enable instant conversion from crypto to fiat, allowing for easy purchases and ATM withdrawals.
Users will have the convenience of making online and physical store purchases directly from their crypto wallets, as well as cash withdrawals at ATMs where Mastercard is accepted. Additionally, the card supports one-touch payments at stores that offer contactless payment options.
Initially, the card will only be available to users based in the United Kingdom and the European economic areas, with plans for expansion in the future. Christian Rau, Senior Vice President of Crypto and Fintech Enablement at Mastercard, highlighted the significance of this partnership in bridging the gap between traditional and digital finance.
This new development comes on the heels of SafePal and Fiat24 launching a physical crypto card in collaboration with Visa earlier in March. The introduction of these crypto debit cards marks a significant step towards a more inclusive and user-friendly financial future, simplifying digital transactions for a wider audience.
