1inch and Mastercard Team Up for Web3 Debit Card

DEX aggregator 1inch has partnered with Mastercard, a leading payments company, and Crypto Life to launch a state-of-the-art web3 debit card. This is a ground-breaking initiative. Through this partnership, customers will be able to transact with cash and cryptocurrencies with ease and will have access to unprecedented flexibility.

There will be a physical and digital version of the 1inch Card, the partnership’s idea. Sergej Kunz, co-founder of 1inch, expressed his excitement and emphasized the contribution this invention would make to closing the gap between traditional banking and decentralized finance (DeFi).

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

Empowering Users with Financial Control

With the 1inch Card, customers are guaranteed complete control over their money, as well as unmatched security and independence. It is notable for enabling rapid exchanges between bitcoin and money. The card is intended for a broad customer base and will first be available in the United Kingdom and the European Economic Areas (EEA).

In his remarks about the collaboration, Christian Rau, Senior Vice President of Fintech Enablement and Crypto at Mastercard, emphasized the company’s dedication to providing cutting-edge solutions that meet the strictest security and accessibility requirements.

“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. Leveraging Mastercard’s leading technology and standards, the 1inch Card is connecting Web2 and Web3 worlds in an innovative way,” remarked Rau.