Crypto Card Firm Baanx Partners With Circle for Rewards Wallet
Baanx, a cryptocurrency debit card enabler for the likes of MetaMask and 1inch, has introduced a rewards wallet combining on-chain finance with traditional loyalty perks and discounts, using underlying technology from Circle, the provider of the USDC stablecoin.
Built on Circle’s programmable wallet tech, the Baanx platform allows crypto holders access to cashback, fee discounts, subscription perks and exclusive gated experiences, according to a press release.
An ongoing convergence between traditional card networks and the on-chain world of stablecoins and decentralized finance (DeFi) has seen Mastercard partner with Web3 wallet MetaMask, and more recently reports of Visa in talks with Sam Altman’s World Network.
The rewards wallet…
