1inch cooperates with Mastercard to launch Web3 financial card! Founder: Let the public join DeFi

The decentralized aggregation trading platform 1inch Network announced on Monday (8) that it has cooperated with the crypto payment company Baanx to develop a Web3 debit financial card, and it has been developed by the payment giant Mastercard. Mastercard provides support, allowing users to instantly convert cryptocurrency into legal tender for online payment, and can withdraw cash at corresponding ATM machines.

1inch founder: Let the public join DeFi

Sergej Kunz, the founder of 1inch, said that this new product is another important action to allow public users to join DeFi (decentralized finance): through With 1inch Card, users can enjoy traditional financial and DeFi services at the same time.

Christian Rau, Senior Vice President of Cryptocurrency and Fintech at Mastercard, also commented: Using Mastercard’s technology, 1inch Card is connecting the Web2 and Web3 worlds in an innovative way.

In addition, 1inch stated in the announcement that “1inch Card” will provide both physical cards and virtual cards, but initially it will only provide services to users in the United Kingdom and the European Economic Area. Interested users can fill out the form to join the waiting list .

1inch once jumped 8.4%

Just after this news was announced, the price of 1inch currency also increased from around 0.59 US dollars at about 9 o'clock last night. It quickly jumped closer to $0.64. However, the price fell back at the time of writing, reporting at $0.6039.

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