Baanx, a cryptocurrency payment card firm working with the likes of Mastercard, Visa and Circle, has announced its support for BNB, the blockchain utility token originally linked to Binance, the world’s largest crypto exchange.
Users of Baanx’s “Crypto Life Card” can top up with BNB, expanding the real world use of the BNB Chain beyond crypto trading and decentralized finance (DeFi) to where the token can be spent at over 100 million Mastercard and Visa merchants worldwide, according to a press release.
Baanx said BNB support is rolling out across the UK, EU, and LATAM markets in June, with U.S. access planned for a future release.
“We’re building bridges between digital and traditional finance, not with empty promises, but with real products people can use,” said Simon Jones, Chief Commercial Officer at Baanx in a statement.
BNB BNB, the native token of the BNB chain, was originally called Binance Coin when it was launched in 2017 and used to pay fees on the Binance trading platform. Today, BNB is one of the largest crypto tokens with a market cap of around $90 billion.
Earlier this month, Bloomberg reported that a hedge fund was planning to invest $100 million in BNB, emulating the bitcoin treasury blueprint pioneered by Michael Saylor’s Strategy.