1inch launches a Web3 debit card in partnership with Mastercard and Crypto Life

The 1inch Card will allow users to use their crypto for online and in-person purchases, and make cash withdrawals at supported ATMs through seamless crypto to fiat conversion.

1inch constantly strives to deliver the most efficient and user-friendly products. To make the user journey even more seamless, we are excited to unveil a new Web3 debit card, issued by Crypto Life and powered exclusively by the Mastercard network. Through instant conversion from crypto to fiat currency, the 1inch Card will allow users to spend their crypto to pay for online and in-person purchases around the world wherever Mastercard is accepted, while still retaining custody of their funds.

Powered by Crypto Life, the 1inch Card will come in the form of a physical card, as well as a virtual card, providing users with all benefits of a standard debit card.

“This is another major step towards onboarding mass users to DeFi,” said Sergej Kunz, 1inch co-founder. “With the 1inch Card, the user can benefit from the advantages of both DeFi and traditional finance.”

“We’ve long championed solutions that not only meet customers where they are, but also deliver ubiquity, peace of mind and the highest levels of security,” said Christian Rau, Senior Vice President, Crypto and Fintech Enablement at Mastercard. “Leveraging Mastercard’s leading technology and standards, the 1inch Card is connecting Web2 and Web3 worlds in an innovative way.” 

“1inch have long been a pioneer in the DEX space with their market leading exchange aggregator; having created an exceptional brand and reputation. Baanx is pleased to integrate the Crypto Life Card into the 1inch user ecosystem in partnership with Mastercard and looks forward to a successful partnership,” said Simon Jones, CCO, Baanx and Crypto Life.

Each card will have a number, validity date and CVC, enabling users to pay for goods and services with fiat currency, following immediate, fast, and secure conversion from crypto when a payment is made. All it needs is crypto in your 1inch Wallet.

The card can also be used to make convenient one-touch payments for everyday essentials at in-person stores that support contactless payments. And, cardholders can withdraw cash with a physical or digital 1inch Card at any ATM that accepts Mastercard around the world.

The 1inch Card powered by Crypto Life and Mastercard will initially be available to users based in the UK and EEA. Join the 1inch Card waiting list at: 1inch.io/card.

Get the 1inch Card to seamlessly pay with crypto for goods and services!