Hash Card is a new company that intends to revolutionize how you use credit and debit cards. While the discourse of the company is radical, their idea is not necessarily so new when you consider the cryptocurrency market: Hash Card converts crypto to fiat currency in real time, so you can cryptocurrencies and use them anywhere.
The credit and debit cards of the company are accepted in most places, so the company’s main selling point is that you can convert Bitcoin, for instance, that is not accepted in many places, to the local fiat currency of the place that you want to spend your money on.
Hash Card Features
The main feature is, obviously, real time transactions with high speed, other important featires include the ability to use 25 different altcoins to fuel your wallet. The company accepts currencies like NEM, Cardano, Stellar and other popular currencies.
At the moment, you can use the Hash Card to turn these cryptos into EUR or USD. Unfortunately, not many fiat currencies are being accepted at the moment, so you will only be able to use Hash Card in the United States, Europe and in places that accept one of these two coins.
Transactions have a fee of 0.5%. The fee is considerably smaller than many banks ask for and can be used on online and offline transactions. You can withdraw up to $5,000 USD daily on ATMs, have unlimited transaction limits and only pay an annual fee of $25 USD in HSHC tokens.
Hash Card Wallet
The Wallet for Hash Card supports all the 25 cryptocurrencies that you can use on the platform and can be installed on Android or iOS. It is protected by multi-sig technology, SSL encryption and two-factor authentication, meaning that only the owner can really access the wallet.
You store money in your wallet and use your Hash Card to use it to pay for things anywhere VISA or MasterCard is accepted. You can use the cards to pay for goods and services offline or to make transactions and transfers between Hash Card wallets.
The Hash Card Infrastructure
If you are interested in protection, Hash Card can certainly offer you that. The company has a serious interest in having customers fully protected, so all the transactions are made with SSL encryption and two-factor authentication is used all the time to make transactions.
The company’s site was created using ISO 20022 and PCI DSS standards and the private keys of the wallets are protected with AES-256 encryption.
Hash Card Token Sale
The HSHC tokens will be sold in an Initial Coin Offering (ICO) to finance the founding of the company. They will be ERC-20 utility tokens based on the Ethereum blockchain with a total supply of 150,000,000 HSHC tokens.
Each HSHC token will be sold for 0.10 USD and they will all be issues 72 hours after the end of the sale, which will happen from May 1 to June 12. All unsold tokens will be burned.
From May 1 to May 3, you may buy the tokens with a 30% discount, the discount goes to 20% until May 13 and 15% until May 23. After that, you can still get a discount of 10% until June 2 and 5% until June 12.
60% of the tokens will be sold in the sale, while 16% will stay in the reserve and 15% will go to the team. 5% will be for the advisors and 4% in bounties.
The Hash Card Verdict
If you use either USD or EUR, Hash Card can be a good choice, but it will certainly be a very limited one if you use any other type of fiat currency. Because of this, it is clear that Europeans would be the ones who would profit the most from investing in this company, as they could use this product all over the European Union.