Cryptocurrency is beginning to hit the mainstream, and with mainstream acceptance comes the opportunity to use crypto to pay for real world goods and services directly. There are many crypto platforms currently feverently working to develop comprehensive payment solutions, such as OmiseGo, which has recently announced a deal with Mcdonald's Thailand to deliver crypto-based payment acceptance.
One of the most interesting and promising developments to hit the cryptocurrency ecosystem is cryptocurrency debit cards. These solutions provide crypto investors and holders with the ability load crypto- typically in the form of Bitcoin- on to a wallet that is linked to a physical Visa or Mastercard debit card. You can take a look at some of the most popular crypto cards in our article on the topic here.
A new ICO, however, aims to combine crypto card solutions with one-click online cryptocurrency payment solutions, creating a comprehensive full-spectrum crypto payment platform. The Uquid ICO has already gathered a significant amount of hype, and is set to revolutionize the way cryptocurrency is perceived by the mainstream.
In this article, we’ll take a look at the Uquid platform and find out what it offers to help you determine whether its worth investing in.
What Is Uquid?
Uquid is a new cryptocurrency based payment platform that aims to make the entire payment process simpler. The Uquid solution supports more than 83 different cryptos, including Bitcoin, Ethereum, Ripple, Monero, Dash, and more. Users are able to use all of these currencies via a dedicated Uquid card, which can be used at any location or site that accepts debit card internationally.
There are currently a few crypto card solutions in existence that allow users to spend Bitcoin in fiat currency at market rates, but the Uquid platform is the first solution that offers comprehensive altcoin support. The Uquid payment solution can be used to purchase mobile top ups, transportation tickets, and more.
Uquid Features & Functionality
The biggest feature offered by Uquid outside of their multi currency hosted wallet service is their Uquid debit card. The Uquid debit card is available to individuals worldwide, and can be issued in GBP, EUR, or USD currency. The applications of the Uquid debit card are diverse- Uquid cards can be used for freelancer payment, online casinos, and even PayPal. Uquid can even be used to withdraw fiat cash from more than 34 million ATMs worldwide.
Like most crypto cards, the Uquid solution has two levels of service for verified and unverified users. Verified users are able to access attractive daily cash withdrawal limits of $2,000, and have no lifetime withdrawal limit in addition to unlimited POS and online purchases.
Unverified users are able to access up to $400 in ATM withdrawals daily, with a maximum lifetime withdrawal of $1,000. Unverified users can only load twice in total, while verified users can access unlimited loading.
Uquid ICO Verdict
The Uquid platform is the most promising new payment solution to hit the cryptocurrency market, and is the only card that accepts a diverse range of altcoins. If you’re looking for a crypto debit card that covers an extremely broad spectrum of digital currencies, Uquid is the right choice.