Press Release
PRESS RELEASE. London, The UK. 31 August – Reef, a Layer 1 Substrate-Based Blockchain for Gaming, DeFi and NFTs announced today the availability of its highly anticipated Reef Card for European and British citizens.
Reef is a Baanx collaborator. Experienced partner to provide innovative web3 financial solutions.You can create and make Reef Card. Baanx’s Reef Card is part of MasterCard’s crypto debit line. The card was delayed due to material production issues and covid. Now it’s officially available to everyone in the UK and EEA.
Denko Mancheski, CEO of Reef said, “We feel good about the future of Reef, and over the past year, we’ve been working hard with Baanx to get Reef Card out. We’re excited to have it available now and allow hodlers the opportunity to spend their cryptocurrencies in the physical world.”
As they provide another level of utility, crypto debit cards are a popular option in the real world. Owners of Reef Cards will have the ability to convert their cryptocurrency to fiat and spend it at any time. They will also be able use their card to withdraw fiat from certain ATMs and at more than 90 million merchants around the world. Reef Card is available immediately as both a physical and digital card. Apple Pay is the next step.
Garth Howat, CEO of Baanx said, “It’s very exciting to see that more companies and communities are adopting our solutions to bridge the gap between DeFi and traditional finance. We’ve been working hard with the Reef team on this project, allowing the community to enjoy Reef’s ecosystem to the fullest!”
Reef’s blockchain continues to grow and evolve, and is quickly moving towards becoming one the most popular Web3 blockchains. Reef has recently established an NFT division and attended Binance Blockchain Week Dubai. ReefScan V2 was also launched. ReefScan V2 is also launching a $REEF Community Bond. Reef Card and $REEF, their native token is an additional innovative innovation to help the chain rise.
Reef
Reef’s Substrate-based layer 1 blockchain with smart contract functionality offers an intuitive user experience, high scalability, and low fees, helping the ecosystem to be a go-to platform for NFT projects. Reef, the best EVM-compatible blockchain that also has smart contract functionality, is undoubtedly it. This network uses a Nominated proof-of-Stake (NPoS consensus mechanism) to offer low fees and scaleability. There are many other features such as native token bridges on-chain governance and recurring payments. The platform will soon support additional virtual machines that allow programmers to create code in different languages.
About Baanx
Baanx provides Fintech services for the digital asset industry, such as Cryptodrafts and payments authorisation integration into VISA, Mastercard & other transaction payment systems. Baanx’s headquarters is in London (UK), with subsidiary offices in Delaware, Portugal, and Lithuania. Baanx ensures maximum security and privacy for digital assets. Company is More than 25 of the top-tier clients include Reef and Ledger. Baanx’s management team has over 100 years combined experience in digital marketing, banking technology, financial technology and cryptography.
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