Exodus, Baanx Launch Self-Custody Crypto Debit Card U.S.

Exodus Movement, a self-custody crypto wallet firm, has launched a new crypto debit card in partnership with Baanx, enabling users to spend stablecoins such as USDT and USDC anywhere Mastercard is accepted without relinquishing control of their funds. The card, currently in beta testing following its debut at BTC Vegas, allows transactions directly from the Exodus wallet, supporting a broader move towards mainstream, non-custodial crypto payments. This innovation aims to provide financial services access to the unbanked population by allowing users with just a mobile phone to engage in everyday financial activities without a traditional bank account. The full rollout of the card is planned for 2025, targeting over six million Exodus users, with future updates expected to add features like rewards and enhanced security. Similarly, the Crypto Life (CL) Visa Card, powered by Ledger and Baanx, offers U.S. users 1% Bitcoin cashback and the ability to deposit paychecks directly into crypto, emphasizing user control and bridging traditional income with crypto use. Both products reflect a growing trend of integrating crypto into daily financial life while maintaining self-custody and security for users.