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Bananatech’s platform lets fintech and Web3 projects issue crypto-linked cards, enabling easy spending and global digital wallet integration.
Bananatech has opened up their white-label card issuing platform to give fintechs, Web3 projects, and digital platforms a more straightforward way to create branded payment cards that are directly associated with the user's cryptocurrency balance. With this move, the company is meeting the increased demand for solutions that allow users to spend digital assets similar to traditional currency. It has partnered with some of the world's leading payment networks, including Visa, Mastercard, and UnionPay, enabling its partners to issue crypto-linked cards in various places worldwide based on issuer capabilities. Additionally, the cards may be made compatible with famous digital wallets such as Apple Pay and Google Wallet where regulatory conditions permit.
The company provides a complete infrastructure system that includes mobile applications, web applications, and API integrations to grant businesses access to card functionality through their platform while retaining full ownership of their branding and user experience. With real-time conversion of cryptocurrency into fiat currency, transactions can be completed immediately. Furthermore, with 3D secure authentication incorporated into the card solution, users are better protected from fraud.
Bananatech has partnerships with many banks that issue credit cards and companies that provide payment processing services. This organization has launched more than 50 different types of fintech and cryptocurrency programs that all use the advanced technology offered through their platform. Since starting, it has issued over 1,000,000 credit cards and processed around 30,000,000 credit card transactions globally. Bananatech will continue building upon its network of banks to strengthen its embedded finance capabilities worldwide and assist in the integration between the digital asset space and traditional payment processing systems.
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