Visa and Baanx launch a card for payments in USDC from user wallets
Real-time stablecoin payments are now available in the USA
Visa and cryptocurrency platform Baanx have announced the launch of a debit card that allows purchases to be made directly in USDC — the stablecoin from Circle, backed by the US dollar.
The card works with non-custodial wallets and allows funds to be deducted via a smart contract at the moment of authorization. The balance in stablecoins is automatically converted to fiat, after which standard Visa payment processing occurs.
Payments through blockchain — without intermediaries
Baanx stated that their cards provide complete control over funds. The user does not transfer assets to third parties — funds are stored in their wallet and spent directly at the time of payment.
All transactions are processed through smart contracts — without banks and centralized platforms. After authorization, funds are converted to fiat and instantly deducted over the Visa network.
According to the company's CCO Simon Jones, access to stable currency in some regions is still a luxury. The new product allows spending USDC "in real-time, wherever you are — as long as Visa is accepted."
