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TL;DR 1inch Network joins Mastercard and Crypto Life to launch the 1inch Card. The card allows for easy cryptocurrency spending both online and in person. Compatible with Apple Pay and Google Pay, and offers global ATM withdrawals.
In an innovative move aimed at bridging the gap between traditional finance and the thriving world of decentralized finance (DeFi), 1inch Network, a leading decentralized exchange (DEX) aggregator, has joined forces with Mastercard and Baanx to introduce a cutting-edge crypto debit card.
Users will be able to make cash withdrawals and point-of-sale transactions at supported ATMs and locations.
1inch Network, a decentralized exchange (DEX) aggregator, has introduced a Web3 crypto debit card as part of its initiative in the cryptocurrency sphere. This project is a partnership with Baanx, a developer famous for his crypto card technology, and is supported by the global payments behemoth Mastercard.
Inch eyes “onboarding mass users to Defi” through its new Web3 debit card.
This strategic partnership marks a significant milestone in integrating cryptocurrencies into daily finance. It offers users a flexible, seamless method to use their digital assets.
1inch Network, in collaboration with crypto card developer Baanx and payment giant Mastercard, announced the launch of the 1inch Card.
1inch Card, Baanx, and Mastercard unveil revolutionary Web3 debit card for seamless crypto spending!
Decentralized exchange (DEX) aggregator 1inch Network has created a Web3 debit card in partnership with crypto card developer Baanx and powered by payments giant Mastercard, the companies said on Tuesday.
1inch unifies decentralized protocols, thus, allowing users to conduct efficient, user-friendly, and secure operations in the DeFi space.
The 1inch Network has announced the addition of Lumia, a liquidity network, to its aggregation sources, aiming to deepen on-chain liquidity and improve pricing for its users.
The extension of liquidity should provide decentralized finance (DeFi) users with pricing that “matches or even surpasses” that of centralized platforms.
In a significant move that underscores its commitment to innovation and efficiency in the decentralized finance (DeFi) sector, 1inch Network has unveiled a series of upgrades to its platform. These enhancements are set to revolutionize the user experience by offering up to 16% savings on transaction costs for both swaps and limit orders.
Lido and 1inch's partnership aims to streamline the swapping process for stETH, wstETH, and ETH, particularly during the unstaking phase.
1inch will enable faster exits of stETH and wstETH onto Ethereum, Arbitrum, Optimism and other chains.
1inch Network's findings expose terrorism financing, money laundering, and other illicit activities within the DeFi sector.
Decentralized finance (DeFi) platform 1inch has screened millions of wallets for Anti-Money Laundering (AML) risks since 2022.
In an unprecedented move within the decentralized autonomous organization (DAO) landscape, the 1inch DAO has taken a bold step towards legal fortification by engaging a lawyer through an on-chain vote.
Back in November, Swiss consulting firm Storm Partners pitched its legal and compliance services to the 1inch DAO. The DAO, which governs the 1inch network, is known primarily for its decentralized exchange (DEX) aggregator.
1inch is currently operating on Ethereum, Arbitrum, Optimism, Polygon, zkSync Era, among other networks.
1inch and STORM set a historic precedent for DAOs by being the first to directly hire legal counselling services.
Geneva-based Web3 solutions provider Storm Partners has been selected by the 1inch decentralized autonomous organization (DAO) to provide permanent legal counsel. The decision was reached through a single-choice voting process, with an overwhelming 96.45% majority in favor of obtaining “comprehensive legal support” from Storm Partners.
In a historic move that sets a precedent for decentralized autonomous organizations (DAOs), 1inch DAO, the entity behind the 1inch Network, has voted to secure “legal advisory services” from STORM Partners. Notably, this decision comes amid growing regulatory scrutiny on the crypto and decentralized finance (DeFi) sectors.
As we approach 2024, certain tokens are poised to dominate the cryptocurrency market, backed by strong decentralized exchanges. Here are the top five DEX tokens that might supercharge your crypto portfolio in 2024.
