Baanx & Visa Launch Stablecoin Payment Card With Self-Custody Wallets

Baanx and Visa have partnered to introduce a stablecoin payment card linked to self-custody wallets, initially supporting Circle’s USDC. This card enables users to spend USDC directly from their crypto wallets. The process utilizes smart contracts for real-time transfer of USDC balances to Baanx upon authorization, which are then converted to fiat currency for payment processing. Baanx is also collaborating with Mastercard to develop a wallet card linked to MetaMask. This forward-thinking approach promises to empower users to hold and spend dollar-backed stablecoins in a self-custody, real-time manner – ushering in a new era of finance.