Unbanked announced a new integration with Stacks today that will enable users to spend STX tokens with their Unbanked debit cards.
Users in four continents will now be able to use Stacks’ STX token to make purchases.
The announcement was made at the Stacks Summit event in Miami, Florida, which coincides with the world’s largest Bitcoin conference.
Share this article
Unbanked announced support for the Stacks network today. Unbanked allows users to spend crypto from debit accounts and maintains the balance in crypto right up until point of sale.
Unbanked Integrates STX
Unbanked has announced new token support for its flagship debit card.
Moreover, Unbanked can be used to earn 8% annual yield, paid in Bitcoin, from holding Stacks in its “crypto-native bank account,” with the option for funds to be guaranteed by the Federal Deposit Insurance Corporation in the United States.
Unbanked has achieved partnerships with prevalent companies from the traditional financial world, such as Visa and Mastercard. It has also integrated with Apple Pay, Google Pay, and Samsung Pay, and supports various crypto assets (e.g. Bitcoin, Ethereum, Tether, and UniSwap).
According to chief executive officer of Unbanked, Daniel Gouldman:
“Stacks is one of the most innovative crypto protocols out there. We’re going to connect earning an 8 to 10% Bitcoin yield on your balance with crypto debit cards in nearly 60 countries around the world. What we are doing together is the true realization of what crypto banking should look like for everyone.”
Brittany Laughlin, executive director of the Stacks Foundation, told Crypto Briefing that there were already more than 200 signups within the first few hours after the announcement.
The Unbanked BlockCard does not require conversion from crypto assets to fiat currency until the point of sale. Therefore, Unbanked users holding Stacks will be able to maintain their STX position until the time of purchase while maintaining the potential to earn Bitcoin yield on their Stacks position.
Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
NFT Express: Your on-ramp to the world of NFTs
At Tatum, we’ve already made it super easy to create your own NFTs on multiple blockchains without having to learn Solidity or create your own smart contracts. Anyone can deploy…
Bitcoin 2022 Kicks Off in Miami This Week
Bitcoin 2022, the world’s largest gathering celebrating the first and foremost among cryptocurrencies, takes place this week from Apr. 6-9 in Miami Beach, Florida. Among the hundreds of speakers slated…
Blockstack Bets On $1 Million Payouts To App Devs After SEC Reg A+ App…
In a pointed backhander to Google’s now-defunct “Don’t be Evil” mantra, Blockstack is piling on an extra incentive to encourage app developers to use their decentralized computing platform. Their call…
Miami Has Earned $5 Million Through Mining CityCoins
Miami mayor Francis Suarez announced today that the city has received its first cryptocurrency payout from CityCoins. Miami CityCoins Received Suarez said that the city received $5.25 million in cryptocurrency…