Taking Bitcoin DeFi Global With Unbanked

Mitchell Cuevas

Head of Growth, Stacks Open Internet Foundation

Today, Unbanked, a platform that connects traditional enterprise, fintech, and banking systems with innovative blockchain infrastructure, announced support of the Stacks network. This integration means Stacks holders will be able to spend Stacks’ native token, STX, in real-time in nearly 60 countries including the USA, UK, 26 countries in Europe, and 29 countries in Latin America, with more to be announced soon.

Unbanked users will also be able to leverage a crypto-native bank account in more than 200+ countries around the world with FDIC-insured options to purchase crypto, all while earning 8% APY in Bitcoin yield from their Stacks holdings.

Global access and usability for one’s crypto assets are key to ensuring that benefits of decentralized finance are available broadly. Unbanked takes a unique approach by blending traditional banking rails with crypto, giving users a wide range of options that are familiar yet suited to their various needs. Unbanked is a Visa and Mastercard preferred partner and offers integrations with Google Pay, Apple Pay, and Samsung Pay. Unbanked currently supports Bitcoin, Ethereum, Tether, Uniswap, and others.

The Unbanked BlockCard is the only crypto-friendly debit card that allows holders to stay in crypto until the point of sale. This is different than other debit card players in the space, which require users to convert digital currency into fiat before they’re able to make purchases.

“Stacks is one of the most innovative crypto protocols out there. We're going to connect earning an 8 to 10% bitcoin yield on your balance with crypto debit cards in nearly 60 countries around the world. What we are doing together is the true realization of what crypto banking should look like for everyone.”

— CEO and Co-founder of Unbanked, Daniel Gouldman

Uniquely, Stacks holders using Unbanked will be able to benefit from the complete flexibility to spend their STX at any time while still maintaining their Stacks position and therefore the potential upside in the asset. Throughout, they will earn their Stacking rewards paid in native bitcoin.

Mitchell Cuevas

Head of Growth, Stacks Open Internet Foundation

Mitchell Cuevas, previously Blockstack PBC's Head of Growth, currently leads growth efforts at the Stacks Foundation. Before joining Hiro/Stacks, he led Marketing at UP Global (Startup Weekend, Startup Digest, Startup Week) and was an integral part of the product team at Techstars.

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