Ledger, a prominent cryptocurrency hardware wallet provider, has introduced the Crypto Life (CL) Visa card, set to launch across the United States (excluding New York and Vermont) starting June 30, 2025. This innovative card offers users 1% cashback rewards paid in bitcoin (BTC) or USD Coin (USDC) for daily purchases, enhancing the real-world utility of cryptocurrencies.
The CL Card facilitates seamless crypto-to-fiat transactions by allowing users to deposit paychecks directly into an on-chain account via bank transfers. The card is powered by Baanx, a leading fiat-to-on-chain card enabler known for providing crypto cards to other wallet providers such as MetaMask, Tools for Humanity, and Exodus.
Data indicates that household purchases account for 63% of crypto card transactions, with entertainment and fashion sectors showing notable growth. Ledger executives emphasize that this product bridges the gap between conventional banking and on-chain finance, offering self-custodial, real-world crypto payment experiences.
A related consumer research report from Bitget highlights significant adoption of crypto wallets globally, particularly among Gen Z and millennials, with an emphasis on payments, trading, and rewards utilization. This growing demand underscores the potential of wallets like Ledger's and emerging ones such as Best Wallet.
Best Wallet, powered by the Best Wallet Token ($BEST), is spotlighted as an advanced non-custodial wallet enabling users to purchase presale meme coins and manage multiple Ethereum wallets with planned features like anti-fraud, derivatives trading, and market analytics. With over $12.8 million in early investments, $BEST aims to capture a substantial share of the crypto wallet market by 2027.