Baanx, a mobile digital banking app, payments engine, and cryptocurrency platform, is now offering customers the chance to buy Bitcoin, Litecoin, Ethereum and other top cryptocurrencies with debit and credit cards, for a card fee of no more than 0.99%, until the end of February 2020.
Baanx is claiming that its app, which gives users the opportunity to spend, send and trade multiple virtual and fiat currencies within one mobile application, is “undercutting” the rest of the market to provide the lowest marginal fees available. Baanx founder and CEO Garth Howat, further explains:
“Since we launched the Baanx/CL Visa integration last year, our focus has been on usability and driving cryptocurrency adoption”, referencing the relatively longstanding Baanx feature which empowers people to spend their digital currency at the point of sale in over 45 million merchants. Baanx believes in breaking down the barriers to entry that we see across the sector.”
As previously reported, Baanx is on a mission to find a real change in the Digital Banking and Cryptocurrency sector. The company further explained:
“In short, the Baanx vision is highly ambitious. We are building an alternative financial infrastructure, running adjacent to the existing financial system from end-to-end. Harnessing the potential of blockchain technology to launch mobile banking brands that connect user communities together in the Baanx network.”
Baanx recently closed its equity crowdfunding campaign on Seedrs with a total of £658,200 raised. The campaign’s funds are to be used for the following:
- Hire additional team members to grow our team of 16 to 25 to handle launching new brands
- Marketing (conferences, upgrade website + marketing materials).
- Launching Baanx services in Asia and South America
- Deliver further currency cards to connect to our partner communities
The Baanx mobile app is available now on iOS and Android, offering users a free Black Visa crypto card when they buy 0.1 BTC or more on the platform.