Visa and Baanx to Launch USDC Stablecoin Payment Card in the US

Visa is partnering with Baanx to introduce a stablecoin payment card, initially focusing on Circle's USDC in the United States. This innovative card will allow users to spend USDC directly from their self-custody wallets at any Visa-accepting merchant. The functionality relies on smart contracts for seamless, real-time transfers of stablecoin balances to Baanx. Baanx then converts the USDC to fiat currency for payment processing. This offers a bridge between the crypto world and traditional finance, providing users with greater flexibility and control over their digital assets. This initiative represents a significant step toward mainstream adoption of cryptocurrencies. By leveraging Visa's extensive network, the USDC-backed card simplifies using stablecoins for everyday transactions, potentially increasing demand and utility for digital currencies. The planned US launch is the first stage with international roll out plans. ```