CRYPTO payments platform Baanx has launched its Crypto Life (CL) Visa card, designed for Ledger users.
The CL card is a crypto debit card that gives users 1% cashback in Bitcoin (BTC) or USDC on every purchase.
Funds are held in self-custody, preserving security, and users decide when to top up the card. Users can also directly deposit their paychecks into their CL card account via bank transfer and convert the income into crypto automatically, or hold it in fiat.
This functionality streamlines the user experience and also lowers barriers to entry for anyone curious about crypto.
“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 US is a major milestone for our mission to put users in control."
The CL card enters a market where consumer spending habits are rapidly evolving. Household purchases dominate crypto card usage at 63% of total transactions with entertainment and fashion categories showing the strongest growth.
“We are excited to collaborate with Baanx to bring the CL card to millions of users in the US, with great features for Bitcoin holders," said Jean-Francois Rochet, EVP of Consumer Services at Ledger.
"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."
According to current data, approximately 28% of American adults own crypto and 14% of people without crypto plan to buy it this year.
The CL card will be available in the US (excluding New York and Vermont) on June 30 2025. US residents can sign up for more information and to be notified when the card is available here.