US -notered Exodus Movement (EXOD), a self-insured wallet company specializing in Bitcoin and other Cryptocurrencies, has revealed an Exodus payment card in partnership with Baanx, a crypto card that works with MasterCard and Visa.
Through the Baanx partnership, Exodus users can spend their crypto on everyday purchases as travel, online shopping and wherever MasterCard is accepted, the companies announced at the BTC Vegas conference on Tuesday.
Bringing payment card functionality for self-insurance of crypto holders is a rapidly growing subgroup of the digital asset space that attracts a number of popular platforms such as Ethereum-Tevebogfirma Metamask, decentralized financing company 1 inch and most recently Sam Altman’s world network.
Beta testing of the virtual Exodus card begins at BTC Vegas, starting with the two major stablecoins, USDT and USDC, which users can immediately switch to Bitcoin and other major cryptos inside the Exodus design book. A wider roll -out to the six million that Exodus users will happen later in the year, said Exodus CEO JP Richardson.
“If you are considering there are 1.7 billion people who are unbelievable out there, yes, now they don’t need a bank account because they can use something like this,” Richardson said in an interview.
Baanx Chief Commercial Officer Simon Jones repeated this view: “You effectively say that if you have access to a mobile phone, you have access to a number of basic financial services,” Jones said in an interview. “Historically, wallets were very focused on the custody element with some swaps and trade. Now we really see a development happen where your wallet becomes your virtual account.”
In December 2024, Nebraska-based Exodus Greenlight got to list Nyse American, New York Stock Exchange’s sibling market, not long after Donald Trump’s election victory.
