Visa Partners with Baanx to Introduce USDC Stablecoin Payment Cards
Baanx has partnered with Visa to introduce stablecoin payment cards in the U.S., initially using Circle's USDC token. Key details include:
- The Visa card allows users to spend USDC directly from self-custodial wallets.
- Smart contracts facilitate real-time balance transfers to Baanx, which converts USDC to fiat for payments.
- Baanx is also collaborating with Mastercard for a card linked to MetaMask wallets.
- The stablecoin initiative is part of a growing trend toward on-chain money management.
- Circular's new payment network focuses on cross-border payments and remittances.
- Baanx aims to provide low-cost global payments through its stablecoin-linked cards.
Statements from Baanx and Visa highlight the potential of stablecoins in enhancing real-world financial utility.