Contis and TokenCard Partners to Issues Visa Debit Cards for Cryptocurrency Users

TokenCard is a blockchain wallet and payment project. It recently announced that it would collaborate with Contis, which is a provider of payment processing. In their partnership, the two will issue a TokenCard visa debit card in the EEA and the UK. Users will then have the ability to convert their ERC20 tokens and Ethereum into fiat such as EUR and the GBP. The money can be spent in stores, on e-commerce sites, or withdrawn at ATMs that accept Visa Cards.

Crypto holders currently struggle to spend their holdings. However, TokenCard could solve all that. It will now be possible to gain immediate access to fiat with no compromises to decentralization valued by those that use crypto. The wallet company will not have any custodial access to crypto assets, which means users will retain full ownership and control of their money.

What The Leaders Think

Users of TokenCard usually store the tokens in smart contract wallet that is decentralized and compliant with the ERC20 standard. The application for this card can be made via the wallet.

The CEO of TokenCard said that the company was happy to work with Contis. He added that he was glad Contis supported their mission of realizing the value that is emerging from the crypto economy. He said this deal would help place this value in the pockets of those who support the Ethereum project.

The Contis CEO also had similar positive sentiments. He said that the company was happy to work with TokenCard on this project. The company was going to help power the card and banking solution. As a result, they would be able to improve the customer experience.

About TokenCard

TokenCard is a project that wants to build a bridge between the token economy and the banking world. It will thus help to ensure that crypto is securely integrated into the normal economy. The products offered by this project include the Visa Debit card, useful for payments and withdrawals at ATMs and a mobile app to manage digital assets. TokenCard will link existing payment infrastructure to Ethereum with the help of smart contracts. The company has no hold on digital assets, which ensures that users have 100% sovereignty. It is based in London and it is part of the FCA Sandbox.

About Contis

Contis is a major provider of payments, banking, and processing solutions. The company has received numerous awards in the past for its services. The company was created in 2008. Its scalable platform handles both Visa and banking payments. The company is in the list of the FT1000, which is a list of the fastest growing companies in Europe for 2018. The Sunday Times ranked the company as part of the 100 fastest growing financial services company in 2018. The company has offices in Europe, the UK, and India. It offers banking solutions to third parties and various white label and branded banking products. Besides that, it offers current account capabilities to its clients.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,193FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bolt Labs to Bring zkChannels, Private Payment Channels, to Tezos Blockchain

Bolt labs will collaborate with the Tezos dev team, Nomadic labs, and Metastate in a bid to integrate their private payment channel zkChannels...

Ethereum Layer 2 Solution, SKALE Network, Launches Its Mainnet Phase One; Staking & Bounties Start in Early Q3

SKALE - an open-source scaling solution backed by Gemini exchange founders Winklevoss brothers for scaling the Ethereum network - has started to roll out...

Pundi X Integrates PayPal into Point-of-Sale Device, XPOS; Users Can Buy & Sell Crypto Seamlessly

Pundi X, a blockchain firm based in Singapore, has integrated its point-of-solution (PoS) device, XPOS, with PayPal, according to a medium post on June...

Crypto Mining GPU Manufacturer, NVidia Petitions Court to Toss Out $1 Billion Class Action

NVidia has petitioned the California court to dismiss the class action suit made by its investors. The lawsuit against the firm’s top brass alleges that...

Hacker Extort 116.4 Bitcoin from University of California San Francisco (UCSF)

The University of California San Francisco (UCSF) paid a ransom of $1.14 million in Bitcoin after a ransomware attack earlier this month, reported BBC...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today