PRESS RELEASE. ZelaaPayAE, with a vision to build and improve the financial structure, introduces a Crypto Debit Card with the ability to be swiped not just in UAE but also globally.
Partnering with Baanx, ZelaaPayAE is providing Mastercard enabled Debit Card featuring personalized cards with a low monthly fee and extreme accountability. What makes it stand out is the true ability to support a unique 5 multicurrency BIN which would enable you to spend in 8 currencies (USD, CNY, JPY, GBP, and others) with Mastercard Spot price i.e., Zero Forex mark up.
The Fundamental utility is not in the FX or global transaction, it is its ability to support ZPAE, DGB, KLV, TRX, and BTC. Making transacting from Cryptocurrency to Fiat a breeze, there are many crypto to fiat debit cards out there but they eventually require you to preload them. Omnibus Account Framework for ZelaaPayAE Debit Card by Baanx allows you to just seamlessly spend without having to preload, through APIs for seamless spending thus promoting the transactional framework in a way how a transaction in its truest form should be.
Swipe Wallet’s card functions in a similar way but SXP stakes are required and also most of the categories have FX markups. Catching up this trend Crypto.com and Binance are not too far behind, offering crypto debit cards but yet again lacking the proprietary tech and the omnibus Account framework and personalization ability. Swipe, Binance, and Crypto.com have VISA-enabled debit cards thus the usage gets restricted in some regions.
ZelaaPayAE stacks above both of them in terms of global coverage (being partnered with Mastercard, Visa and China Union Pay through Baanx; thus, unrestricted global usage). Providing the flexibility of a virtual card and removing the need to preload the card, ZelaaPayAE have managed to make innovation as customer-centric as possible.
Baanx has a successful track record of catering to a high potential fin-tech market and is also working with the project of the visionary Akon, Akoin.
The real standing out feature is and will always be ZelaaPayAE’s vision to build the infrastructure for the future of transaction and money. The ability to bridge the gap between fiat and crypto on top of having it backed by technology, belief, and Vision, ZelaaPayAE x Baanx Debit cards have and will always manage to stay at the forefront of Innovation in Financial Services.