In a strategic move poised to transform the global digital payments landscape, Baanx, a leading crypto payments platform, has joined forces with Visa, a global leader in digital payments, to launch stablecoin-linked Visa cards. These cards are designed to work seamlessly with self-custodial wallets, beginning in the U.S. market, with plans to expand globally.
The new offering will allow users to spend USDC, a fiat-backed stablecoin, directly from their crypto wallets. Upon card authorization, a smart contract-based system facilitates the real-time transfer of USDC from the consumer’s wallet to Baanx, which then converts the digital assets into fiat currency to complete the transaction. This model empowers users with true on-chain ownership while offering real-world payment utility.
Key benefits of the Baanx stablecoin-linked Visa cards include:
- Global acceptance at all locations where Visa is accepted
- Protection from local currency volatility
- Low-cost, efficient cross-border transactions
- Flexible payment options beyond traditional banking systems
- Self-custody and full control over digital funds
“Stablecoin cards represent a massive leap forward for global financial access,” said Simon Jones, Chief Commercial Officer at Baanx. “We’re enabling users to spend USD-backed stablecoins in a seamless, self-custodial way, anywhere Visa is accepted. This is what the future of finance looks like.”
Visa echoed the sentiment. “We know the payments ecosystem is still in the early innings of stablecoin adoption, but real-world utility is coming to the forefront,” said Rubail Birwadker, Head of Growth Products and Partnerships at Visa. “Our work with Baanx helps make stablecoins truly usable, unlocking fast, secure payments for more people in more places.”
Baanx currently powers crypto payment solutions for six of the world’s top ten self-custodial wallets. This partnership with Visa reinforces Baanx’s mission to bridge traditional finance with decentralized systems, delivering greater control, speed, and transparency to users.
The solution leverages high-performance blockchains such as Ethereum and Solana to support instant settlement, while prioritizing compliance, security, and scalability, bringing digital assets one step closer to mainstream financial integration.
