1inch and Mastercard Unveil Web3 Debit Card

The DeFi project 1inch Network has introduced a Web3 debit card, developed in collaboration with Mastercard and Crypto Life.

? @1inch ❤️ @Mastercard by @CL_Technology pic.twitter.com/81akL0cPeK

— Sergej Kunz (@deacix) April 8, 2024

The 1inch Card will enable both online and offline purchases using cryptocurrencies, as well as cash withdrawals at Mastercard-supported ATMs worldwide.

The card is linked to the user’s 1inch wallet and provides instant conversion of digital assets into fiat currency.

Initially, the 1inch Card, available in physical or virtual format, will be accessible in the UK and the EEA.

The waiting list for obtaining the card is open.

Back in August 2023, 1inch Network developers announced the deployment of their project’s main networks on the L2 network Base.