BitBank said it has launched two products, the BitPay payment card and the BitSIM communications card, and is positioning them as dual entry points into a broader Web3 digital lifestyle ecosystem. According to the company, the setup combines digital identity, global payments, mobile communications and blockchain-based finance, with the stated goal of bringing digital assets into real consumption scenarios.
BitBank Foundation also said it is advancing physical deployment of Bitcoin mining machines in the Asia-Pacific region. It described the asset layer as centered on BTC physical hash power, a treasury system and the BTCX ecosystem token, which it said will connect with DeFi staking, global communications and payment applications to form what it called an "asset-service-consumption" closed loop.
On governance, the foundation disclosed that BitBank has completed the relinquishment of all related smart contract management permissions. It said the move is intended to reduce human intervention, increase the transparency of on-chain rules and support DAO-based community governance as the ecosystem develops over the long term.
According to BitBank, the company has launched the BitPay payment card and the BitSIM communications card, which it described as two core gateways into its ecosystem. BitBank said the two products are intended to connect digital identity, global payments, mobile communications and blockchain finance, with the aim of moving digital assets into real-world spending scenarios and building a global Web3 digital lifestyle ecosystem.
Two products positioned as entry points
BitBank said BitPay and BitSIM serve as dual core access points for its ecosystem. The company linked the products to payment, communications and digital identity use cases, alongside blockchain-based financial services.
Foundation outlines Asia-Pacific mining machine deployment
On the underlying asset side, BitBank Foundation said it is pushing forward with physical deployment of Bitcoin mining machines in the Asia-Pacific region. It said the structure is centered on BTC physical hash power, a treasury system and the BTCX ecosystem token, tied to DeFi staking as well as global communications and payment applications, forming what it described as an "asset-service-consumption" closed loop.
Foundation says admin permissions have been dropped
On decentralized governance, the foundation disclosed that BitBank has completed the relinquishment of all related smart contract management permissions. It said the step is meant to cut human intervention, make on-chain rules more transparent and support DAO community governance, laying the groundwork for the ecosystem's long-term development.
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