Latest news with #Baanx
Yahoo
26-06-2025
- Business
- Yahoo
Baanx Adds BNB Support on Its Crypto Card for UK, EU, LATAM
Baanx, a cryptocurrency payment card firm working with the likes of Mastercard, Visa and Circle, has announced its support for BNB, the blockchain utility token originally linked to Binance, the world's largest crypto exchange. Users of Baanx's 'Crypto Life Card' can top up with BNB, expanding the real world use of the BNB Chain beyond crypto trading and decentralized finance (DeFi) to where the token can be spent at over 100 million Mastercard and Visa merchants worldwide, according to a press release. Baanx said BNB support is rolling out across the UK, EU, and LATAM markets in June, with U.S. access planned for a future release. 'We're building bridges between digital and traditional finance, not with empty promises, but with real products people can use,' said Simon Jones, Chief Commercial Officer at Baanx in a statement. BNB BNB, the native token of the BNB chain, was originally called Binance Coin when it was launched in 2017 and used to pay fees on the Binance trading platform. Today, BNB is one of the largest crypto tokens with a market cap of around $90 billion. Earlier this month, Bloomberg reported that a hedge fund was planning to invest $100 million in BNB, emulating the bitcoin treasury blueprint pioneered by Michael Saylor's Strategy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Ledger and Baanx launch Bitcoin rewards debit card in the U.S.
Ledger and Baanx launch Bitcoin rewards debit card in the U.S. originally appeared on TheStreet. U.S. users can now get 1% back in Bitcoin and deposit paychecks directly into crypto through the CL Card, powered by Ledger and Baanx. Baanx, a crypto payments platform, has officially launched its Crypto Life (CL) Visa Card in the U.S., in partnership with Ledger, the leading provider of digital asset security solutions. The card offers 1% cashback in Bitcoin (BTC) or USDC on every purchase and allows users to directly deposit their paychecks into the card account—bridging traditional income with everyday crypto use. 'At Baanx, we believe the future of finance is built on freedom, flexibility, and security,' said Simon Jones, Chief Commercial Officer of Baanx. 'The CL Card, designed for Ledger, is a step toward mainstream, non-custodial crypto payments—right in your pocket. This launch in the U.S. is a major milestone for our mission to put users in control.' Users can top up the card at their discretion, convert income into crypto automatically, or hold it in fiat. The card is non-custodial, meaning users retain full control over their funds. The launch follows Baanx's April 30 announcement and comes at a time when household purchases dominate crypto card usage, making up 63% of total transactions. Discretionary categories like entertainment and fashion are also seeing increased adoption—an area the CL Card aims to tap into. Ledger's EVP of Consumer Services, Jean-Francois Rochet, said the product reflects the company's broader mission. 'We are excited to collaborate with Baanx to bring the CL Card to millions of users in the U.S., with great features for Bitcoin holders. As digital asset adoption accelerates, our goal is to ensure people can make the most out of their digital wealth anywhere, anytime in their lives.' 'Living the crypto life means having ownership, access, and real-world utility over your digital assets. We see the CL card as a tool for financial independence and a fuller asset ownership experience,' Rochet added. 'With 1% Bitcoin cashback and direct paycheck deposits, this is a huge moment for U.S. residents to securely spend and earn on their Bitcoin, with zero compromise on self-custody, enabled by the secure CL Card, powered by our partner Baanx," said Ariel Wengroff, Ledger's EVP of Communications and Marketing. The card will be available in the U.S. (excluding New York and Vermont) starting June 30, 2025. U.S. residents can sign up for early access and notifications. With crypto ownership in the U.S. reaching 28% and growing interest from institutional investors, Baanx and Ledger are positioning the CL Card as a practical gateway for people seeking real-world utility from their digital assets. Ledger and Baanx launch Bitcoin rewards debit card in the U.S. first appeared on TheStreet on May 29, 2025 This story was originally reported by TheStreet on May 29, 2025, where it first appeared.
Yahoo
29-05-2025
- Business
- Yahoo
Bitcoin and Web3 Wallet Firm Ledger Brings 'Crypto Life' Visa Card to U.S. Users
Cryptocurrency hardware wallet firm Ledger has launched its Crypto Life (CL) Visa card in the U.S., offering users 1% cashback in bitcoin (BTC) or USDC on purchases and the ability to directly deposit paychecks into the on-chain card account via bank transfer. Ledger's CL Visa card is facilitated by fiat-to-on-chain card enabler Baanx, which also provides self-custody crypto cards for the likes of MetaMask, Tools for Humanity and most recently wallet firm Exodus. Big card networks Mastercard and Visa are aligning themselves with the self-custodial crypto world and the rapid growth in areas like stablecoin payments. Data on CL card usage shows household purchases dominated crypto card usage at 63% of total transactions, with entertainment and fashion categories showing the strongest growth. Jean-Francois Rochet, EVP of Consumer Services at Ledger, said the collaboration brings the CL card to millions of users in the U.S. with attractive cashback features for bitcoin holders. 'Living the crypto life means having ownership, access and real world utility over your digital assets,' he said in a statement. 'The CL Card, designed for Ledger, is a step toward mainstream, non-custodial crypto payments—right in your pocket', said Simon Jones, Chief Commercial Officer of Baanx. The CL Card will be available in the U.S. (excluding New York and Vermont) on June 30, 2025.
Yahoo
27-05-2025
- Business
- Yahoo
Bitcoin Wallet Firm Exodus Unveils Crypto Debit Card With Baanx
U.S.-listed Exodus Movement (EXOD), a self-custody wallet firm specializing in bitcoin and other cryptocurrencies, has unveiled an Exodus debit card in partnership with Baanx, a crypto card enabler that works with Mastercard and Visa. Through the Baanx partnership, Exodus users can spend their crypto on everyday purchases such as travel, online shopping, and anywhere Mastercard is accepted, the firms announced at the BTC Vegas conference on Tuesday. Bringing debit card functionality to self-custody crypto holders is a fast-growing subset of the digital assets space, attracting a range of popular platforms such as Ethereum wallet firm MetaMask, decentralized finance firm 1inch and most recently, Sam Altman's World Network. Beta testing of the virtual Exodus card begins at BTC Vegas, starting with the two major stablecoins, USDT and USDC, which users can instantly swap for bitcoin and other major cryptos inside the Exodus wallet. A wider rollout to the six million or so Exodus users will happen later this year, said Exodus CEO JP Richardson. 'If you consider there are 1.7 billion people who are unbanked out there, well now they don't need a bank account because they can use something like this,' Richardson said in an interview. Baanx chief commercial officer Simon Jones echoed this view: 'You are effectively saying that if you've got access to a mobile phone, you've got access to a range of basic financial services,' Jones said in an interview. 'Historically, wallets were very much focused around the custodial element with some swaps and trading. Now we are really seeing an evolution happen where your wallet is becoming your virtual account.' In December of 2024, Nebraska-based Exodus was given the greenlight to list on the NYSE American, the New York Stock Exchange's sibling market, not long after Donald Trump's election victory. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
Visa and Baanx Launch USDC Stablecoin Payment Cards
Cryptocurrency debit card firm Baanx has partnered with Visa to launch stablecoin payment cards tied to self-custodial wallets, starting in the U.S. with Circle's USDC dollar pegged token, the companies said. The Visa cards enable holders to spend USDC directly from their crypto wallets, using smart contracts to move a stablecoin balance upon card authorization from the consumer to Baanx in real time, with Baanx converting the balance into fiat for payment, according to a press release on Wednesday. Allowing people to manage their money on-chain with the help of major card networks like Visa and Mastercard is a fast growing segment within crypto. Baanx, a firm that specializes in crypto debit cards, is also working with Mastercard on a card linked to MetaMask wallets. The stablecoin payment space is also heating up thanks to Circle recently announcing its own payment network focused initially on cross-border payments and remittances. Baanx's stablecoin-linked Visa cards promise a global reach with low-cost cross border payments in the mix, according to the release. 'In many regions, access to stable currency is a luxury. We're giving people the ability to hold and spend USD-backed stablecoins seamlessly — in a self-custodial, real-time way — anywhere Visa is accepted. This is what the future of finance looks like,' said Simon Jones, chief commercial officer at Baanx in a statement. 'We know the payments ecosystem is still in the early innings of stablecoin adoption, but real-world utility is coming to the forefront, and we're excited for what's next,' said Rubail Birwadker, Visa's head of growth products and partnerships in a statement. Sign in to access your portfolio
