Key Takeaways
- CL Card offers 1% Bitcoin (BTC) or USDC cashback on purchases
- Non-custodial Visa card powered by Ledger and Baanx
- Allows direct salary deposits converted to crypto
- Coming to U.S. (excluding NY and VT) with expected June 2025 launch
Introducing the Crypto Life (CL) Visa Card
Baanx, a leading crypto payment platform, has partnered with digital asset security provider Ledger to launch the CL Card—a Visa debit card that rewards users with 1% Bitcoin or USDC cashback on every purchase. This marks a significant step toward mainstream non-custodial crypto payments.
"The CL Card embodies financial freedom by combining traditional income streams with daily crypto utility," said Simon Jones, CCO of Baanx. "Users maintain full control of their funds while earning Bitcoin rewards."
How It Works
- Direct salary deposits: Link payroll to automatically convert fiat to crypto
- Flexible funding: Load funds in fiat or crypto (BTC/USDC)
- Non-custodial: Private keys remain secure through Ledger’s technology
Why This Launch Matters
The U.S. rollout arrives as:
- Crypto card usage surges (63% of transactions for household purchases)
- Discretionary spending (e.g., entertainment, fashion) drives adoption
- 28% of Americans now own cryptocurrency
Jean-Francois Rochet of Ledger emphasized:
"This product helps users unlock real-world utility from their digital wealth—anytime, anywhere."
Key Features
| Feature | Benefit |
|---------|---------|
| 1% BTC/USDC Rewards | Earn crypto on everyday spending |
| Salary Integration | Seamlessly bridge fiat and crypto economies |
| Non-Custodial Security | Ledger-backed protection for self-sovereign finance |
👉 Learn more about the CL Card’s security features
Availability
- Launch Date: Expected June 30, 2025
- Eligibility: U.S. residents (excluding NY and VT)
- Early Access: Sign up for notifications
FAQs
Q: How does the 1% cashback work?
A: Purchases automatically reward BTC or USDC, credited to your linked wallet.
Q: Can I use this card internationally?
A: Yes, anywhere Visa is accepted.
Q: Is there a monthly fee?
A: Fee structure details will be announced closer to launch.
Q: How does Ledger secure the card?
A: Funds remain self-custodied using Ledger’s institutional-grade security protocols.
The Future of Crypto Spending
With institutional interest growing and consumer adoption accelerating, the CL Card represents a pivotal tool for merging digital assets with daily financial life. As Ariel Wengroff of Ledger noted:
"This is about empowering Americans to spend and earn Bitcoin without sacrificing self-custody."
👉 Explore crypto payment innovations
Editorial Note: This article reflects product details available as of May 2025.
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