Baanx, a provider of cryptocurrency debit card solutions for platforms like MetaMask and 1inch, has unveiled a rewards wallet that combines on-chain finance with traditional loyalty benefits and discounts. This innovative wallet utilizes technology from Circle, the company behind the USDC stablecoin.
Utilizing Circle’s programmable wallet technology, Baanx’s platform offers crypto holders access to cashback rewards, fee discounts, subscription benefits, and exclusive experiences. The collaboration between traditional card networks and the world of stablecoins and DeFi has seen partnerships like Mastercard with MetaMask and reports of Visa with the World Network.
According to Baanx Chief Commercial Officer Simon Jones, the rewards wallet aims to bridge the gap between blockchain and everyday financial requirements. Jones highlighted the unique rewards offered on the crypto debit card, incentivizing users towards non-custodial spending.
Circle, known for creating the $60 billion USDC stablecoin, provides programmable wallet infrastructure that allows for feature additions to various crypto projects without altering the user interface. Jones emphasized the focus on promoting USDC as the primary treasury token and incentive within these products.
Sanja Kon, VP of partnerships & business development, Europe at Circle, praised Baanx for integrating Circle’s technology into the Rewards Wallet, bringing tangible value to crypto users in innovative ways.
