Latest news with #CLCard
Yahoo
5 days ago
- Business
- Yahoo
Ledger and Baanx launch Bitcoin rewards debit card in the U.S.
Ledger and Baanx launch Bitcoin rewards debit card in the U.S. originally appeared on TheStreet. U.S. users can now get 1% back in Bitcoin and deposit paychecks directly into crypto through the CL Card, powered by Ledger and Baanx. Baanx, a crypto payments platform, has officially launched its Crypto Life (CL) Visa Card in the U.S., in partnership with Ledger, the leading provider of digital asset security solutions. The card offers 1% cashback in Bitcoin (BTC) or USDC on every purchase and allows users to directly deposit their paychecks into the card account—bridging traditional income with everyday crypto use. 'At Baanx, we believe the future of finance is built on freedom, flexibility, and security,' said Simon Jones, Chief Commercial Officer of Baanx. 'The CL Card, designed for Ledger, is a step toward mainstream, non-custodial crypto payments—right in your pocket. This launch in the U.S. is a major milestone for our mission to put users in control.' Users can top up the card at their discretion, convert income into crypto automatically, or hold it in fiat. The card is non-custodial, meaning users retain full control over their funds. The launch follows Baanx's April 30 announcement and comes at a time when household purchases dominate crypto card usage, making up 63% of total transactions. Discretionary categories like entertainment and fashion are also seeing increased adoption—an area the CL Card aims to tap into. Ledger's EVP of Consumer Services, Jean-Francois Rochet, said the product reflects the company's broader mission. 'We are excited to collaborate with Baanx to bring the CL Card to millions of users in the U.S., with great features for Bitcoin holders. As digital asset adoption accelerates, our goal is to ensure people can make the most out of their digital wealth anywhere, anytime in their lives.' 'Living the crypto life means having ownership, access, and real-world utility over your digital assets. We see the CL card as a tool for financial independence and a fuller asset ownership experience,' Rochet added. 'With 1% Bitcoin cashback and direct paycheck deposits, this is a huge moment for U.S. residents to securely spend and earn on their Bitcoin, with zero compromise on self-custody, enabled by the secure CL Card, powered by our partner Baanx," said Ariel Wengroff, Ledger's EVP of Communications and Marketing. The card will be available in the U.S. (excluding New York and Vermont) starting June 30, 2025. U.S. residents can sign up for early access and notifications. With crypto ownership in the U.S. reaching 28% and growing interest from institutional investors, Baanx and Ledger are positioning the CL Card as a practical gateway for people seeking real-world utility from their digital assets. Ledger and Baanx launch Bitcoin rewards debit card in the U.S. first appeared on TheStreet on May 29, 2025 This story was originally reported by TheStreet on May 29, 2025, where it first appeared.
Yahoo
6 days ago
- Business
- Yahoo
Bitcoin and Web3 Wallet Firm Ledger Brings 'Crypto Life' Visa Card to U.S. Users
Cryptocurrency hardware wallet firm Ledger has launched its Crypto Life (CL) Visa card in the U.S., offering users 1% cashback in bitcoin (BTC) or USDC on purchases and the ability to directly deposit paychecks into the on-chain card account via bank transfer. Ledger's CL Visa card is facilitated by fiat-to-on-chain card enabler Baanx, which also provides self-custody crypto cards for the likes of MetaMask, Tools for Humanity and most recently wallet firm Exodus. Big card networks Mastercard and Visa are aligning themselves with the self-custodial crypto world and the rapid growth in areas like stablecoin payments. Data on CL card usage shows household purchases dominated crypto card usage at 63% of total transactions, with entertainment and fashion categories showing the strongest growth. Jean-Francois Rochet, EVP of Consumer Services at Ledger, said the collaboration brings the CL card to millions of users in the U.S. with attractive cashback features for bitcoin holders. 'Living the crypto life means having ownership, access and real world utility over your digital assets,' he said in a statement. 'The CL Card, designed for Ledger, is a step toward mainstream, non-custodial crypto payments—right in your pocket', said Simon Jones, Chief Commercial Officer of Baanx. The CL Card will be available in the U.S. (excluding New York and Vermont) on June 30, 2025.
