Baanx Partners with Visa to Launch USDC Stablecoin Payment Card

Odaily News Baanx has partnered with Visa to launch a stablecoin payment card tied to a self-hosted wallet, and will initially support USDC issued by Circle. The card "enables cardholders to spend USDC directly from their crypto wallets," and uses smart contracts to transfer USDC balances to Baanx in real time upon authorization, which will then be converted into fiat currency to complete the payment. Baanx is also working with Mastercard to develop a wallet card tied to MetaMask. Baanx said: "We are giving people the ability to hold and spend USD stablecoins in a self-hosted, real-time manner - this is the future of finance."