press launch
PRESS RELEASE. London, The UK, August thirty first – Reef, a layer 1 Substrate based mostly blockchain for DeFi, NFTs, and gaming, introduced at this time its extremely anticipated Reef Card is now obtainable for folks in the UK and Europe.
Reef has been working with Baanx, an skilled accomplice for revolutionary web3 monetary options, to create and produce Reef Card. Reef Card, powered by Baanx, is a part of the MasterCard crypto debit line. As a consequence of covid, and materials manufacturing delays, the cardboard was placed on maintain till this 12 months. Now it’s formally obtainable to everybody within the UK and EEA.
Denko Mancheski, CEO of Reef mentioned, “We be ok with the way forward for Reef, and over the previous 12 months, we’ve been working exhausting with Baanx to get Reef Card out. We’re excited to have it obtainable now and permit hodlers the chance to spend their cryptocurrencies within the bodily world.”
Crypto debit playing cards have turn into a scorching ticket within the bodily world as they add one other layer of utility to tokens and the cryptocurrency panorama. Reef Card homeowners will have the ability to spend their crypto and have their card convert it to fiat solely on the time of buy, and they’ll have the ability to use their card at over 90 million retailers worldwide and even withdraw fiat at sure ATMs. To begin, Reef Card will likely be obtainable as a bodily card and Google Play straight away. Apple Pay will come subsequent.
Garth Howat, CEO of Baanx mentioned, “It’s very thrilling to see that extra firms and communities are adopting our options to bridge the hole between DeFi and conventional finance. We’ve been working exhausting with the Reef crew on this venture, permitting the neighborhood to get pleasure from Reef’s ecosystem to the fullest!”
Reef continues to evolve and develop its blockchain, shortly gaining momentum on the result in turning into one of many prime 5 Web3 blockchains. Lately, Reef launched an NFT division, attended Binance Blockchain Week in Dubai, and launched ReefScan V2 and a brand new $REEF Group Staking Bond. Reef Card is one other progressive addition to the rise of the chain and their native token $REEF.
About Reef
Reef’s Substrate-based layer 1 blockchain with good contract performance presents an intuitive consumer expertise, excessive scalability, and low charges, serving to the ecosystem to be a go-to platform for NFT initiatives. Reef is essentially the most superior EVM-compatible blockchain with good contract performance. Based mostly on a Nominated Proof-of-Stake (NPoS) consensus mechanism, the community presents low charges and scalability, in addition to a myriad of options, together with native token bridges, on-chain governance, recurring funds, and far more. Ultimately, the platform may even help an extra digital machine that may permit builders to put in writing code in a number of totally different programming languages.
About Baanx
Baanx presents Fintech companies to the digital asset sector, together with Cryptodraft and cost authorisation integration into VISA, Mastercard & different transaction cost techniques. Baanx headquarters are in London (UK) with subsidiaries in Delaware (United States), Portugal and Lithuania. Baanx manages digital belongings with most privateness and safety. The corporate is launching companies for greater than 25 prime tier purchasers, together with Ledger and Reef. Baanx is managed by a seasoned crew with over 100 years of mixed expertise in banking, monetary expertise, cryptography, finance and digital advertising and marketing.
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