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By Ian Allison
Jun 25, 2025, 11:48 a.m.
- Baanx said BNB support is rolling out across the UK, EU, and LATAM markets in June, with U.S. access planned for a future release.
- BNB is one of the largest cryptocurrencies in circulation with a market cap of around $90 billion.
Baanx, a cryptocurrency payment card firm working with the likes of Mastercard, Visa and Circle, has announced its support for BNB, the blockchain utility token originally linked to Binance, the world’s largest crypto exchange.
Users of Baanx’s “Crypto Life Card” can top up with BNB, expanding the real world use of the BNB Chain beyond crypto trading and decentralized finance (DeFi) to where the token can be spent at over 100 million Mastercard and Visa merchants worldwide, according to a press release.
STORY CONTINUES BELOW
Baanx said BNB support is rolling out across the UK, EU, and LATAM markets in June, with U.S. access planned for a future release.
“We’re building bridges between digital and traditional finance, not with empty promises, but with real products people can use,” said Simon Jones, Chief Commercial Officer at Baanx in a statement.
BNB
, the native token of the BNB chain, was originally called Binance Coin when it was launched in 2017 and used to pay fees on the Binance trading platform. Today, BNB is one of the largest crypto tokens with a market cap ofaround $90 billion.
Earlier this month, Bloomberg reported that a hedge fund was planning to invest $100 million in BNB, emulating the bitcoin treasury blueprint pioneered by Michael Saylor’s Strategy.
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
