The Tezos Etherlink Layer 2, currently offering sub-second transaction finality at approximately 500 milliseconds, is poised to become even faster in the upcoming months, according to Siddharth Singhal, Head of Business Development at Trilitech, a Tezos developer.

“We have engineered an on-chain, non-custodial payment experience, enabling users to spend their on-chain balance in a non-custodial manner, akin to using any MasterCard,” Singhal stated in an interview. “This system works seamlessly with Apple Pay, Google Pay, and in physical retail environments—anywhere a debit card is accepted.”

The concept of crypto cards encompasses replacing traditional online banking and addressing the needs of the unbanked or underbanked, as well as supporting the creator economy by facilitating wallets that directly pay users, explained Simon Jones, Chief Commercial Officer of Baanx.

“Beyond the approximately 1.2 billion individuals lacking access to financial services, there are those who prefer to eliminate traditional banking but still require real-world connectivity,” Jones elaborated in an interview. “Additionally, the creator economy, such as gaming wallet operators, can benefit by paying users directly without surrendering revenues to intermediaries like Apple. Why not connect directly with the consumer.