Unbanked Announces Support For Stacks’ STX Token

Unbanked Integrates STX

Unbanked announces new token support for their flagship debit card.

Announced at Stacks’s Bitcoin Unleashed Summit in Miami, Florida today, the Unbanked platform now supports the Stacks network, which offers smart contract functionality to the Bitcoin ecosystem. Those from close to 60 countries, including the U.S., U.K., and several nations across Europe and Latin America, can now use their Stacks’ STX token to make purchases.

Moreover, Unbanked can be used to earn 8% annual yield, paid in Bitcoin, from holding Stacks in its “crypto-native bank account,” with the option for funds to be guaranteed by the Federal Deposit Insurance Corporation in the United States.

Unbanked has formed partnerships with major financial institutions such as Visa, Mastercard and Mastercard. It integrates with Apple Pay and Google Pay and Samsung Pay and supports various crypto assets (e.g. Tether, Bitcoin, Ethereum and UniSwap are all supported.

According to Daniel Gouldman (Unbanked’s chief executive officer):

“Stacks is one of the most innovative crypto protocols out there. We’re going to connect earning an 8 to 10% Bitcoin yield on your balance with crypto debit cards in nearly 60 countries around the world. What we are doing together is the true realization of what crypto banking should look like for everyone.”

Brittany Laughlin was the executive director at the Stacks Foundation. Crypto Briefing Within a matter of hours, there had been more than 200 signups.

Unbanked BlockCard doesn’t require that crypto assets be converted to fiat currency before the sale. Unbanked users who hold Stacks can keep their STX position up to the point of purchase and still earn Bitcoin yield.

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