BlockCard is the latest crypto called to be released for use by the crypto universe. The cryptocurrency card was launched by Ternio, which is an American owned blockchain company. While introducing the card to the world, the company stated that it would be providing support for various cryptocurrencies.
Top among the cryptocurrencies to be supported is Ternio, Stellar Lumens, Ethereum, and Bitcoin. As it does this, the company also noted that there were plans to add support for additional cryptocurrencies in the coming days.
Official Statement from the COO and Founder
Ian Kane, the Chief Operating Officer and the Founder sent out a press release to inform the world that the primary goal of introducing this new card was to help enhance the use of cryptocurrency and blockchain across the globe. The card is meant to make it easier for the everyday person to use cryptocurrency.
It is something that is being done with the sole purpose of doing away with the notion that cryptocurrency is speculative in nature. The COO went on to note that there were also plans to introduce a mobile application that would help simplify the process followed when executing a cryptocurrency transaction.
The press release was received well by many crypto enthusiasts. Weiss Ratings, a crypto company that is involved in rating crypto companies took it upon themselves to share this news with their legion of Twitter followers.
In their tweet, they informed their followers that the new crypto card could be used in both online and physical stores across the globe. Users will also have an option of processing various cryptocurrencies from their favorite crypto exchanges. This is in addition to being the very first cryptocurrency card to support a multitude of cryptocurrencies.
Ternio’s Founder and CEO, Daniel Gouldman added that his company was looking to give back to its consumers by providing them with a choice on their preferred digital assets. All BlockCard users will have an opportunity to decide on the cryptocurrency that they would like to use with their cards. Another important factor to note about the card is that all its transactions will be executed on digital asset exchanges.
Executing these transactions on digital asset exchanges is a deliberate move on the part of the card provider. The move is aimed at helping propel the popularity of the crypto universe, and also make it easier for more people to accept and use cryptocurrencies on a day-to-day basis.
It is important to point out that this concept of using cryptocurrency debit and credit cards is not new. It is a concept that has been around for a while and has been used by various companies such as Uphold. According to Uphold, there are plans to introduce a line of credit to be used by service providers.
The cryptocurrency line of service will be the first of its kind and will be available to merchants across the world. Early referrals will be rewarded as will transactional activity and community participation.