CryptoLife Card with Cryptodraft Feature

Alona Dobshynska made a significant contribution to the fintech industry by developing the CryptoLife Card with the Cryptodraft feature while serving as the Chief Product Officer at Baanx Group LTD. Working closely with the company’s key partner, Ledger, Alona led the creation of this innovative product, which was officially announced in December 2021.

The CryptoLife Card with Cryptodraft bridges the gap between traditional financial systems and cryptocurrencies, allowing users to manage their crypto holdings with the same ease as fiat currency. This groundbreaking product not only followed fintech trends but redefined them, enabling real-time conversion of digital assets into fiat at the point of sale, making it usable at millions of merchants globally.

The standout feature of the CryptoLife Card is Cryptodraft, a crypto-backed credit line that gives users instant access to funds by leveraging their existing crypto holdings as collateral. Unlike traditional financial products that require asset liquidation, Cryptodraft allows users to spend fiat while retaining full control of their crypto assets, setting a new benchmark in the global fintech ecosystem.