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A new debit card will function similar to that provided by your own bank but tap into your crypto account.
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Ternio, pioneers in high-speed blockchain, is introducing a debit card that supports Bitcoin (BTC), Ether (ETH), Stellar Lumens (XLM) and the company’s own coin, the Ternio (TERN).
Holders of these coins can deposit them to their own BlockCard account, upon registration, and then gain access to both a plastic, as well as virtual, card. A minimum of $100 must be maintained at all times for the card to be accessible.
Ternio co-founder and Chief Operating Officer Ian Kane said, “Ternio’s goal is to accelerate the use of blockchain and cryptocurrency into everyday life. BlockCard enables the cardholder to gain real utility from their cryptocurrency and removes the notion that crypto is only a speculative asset.”
The company’s other co-founder and CEO, Daniel Gouldman, adds, “We want to give consumers the option on which digital asset they use to fund their BlockCard account. Cardholders decide if they want to buy a bagel with their Bitcoin or a latte with their Stellar Lumens. Most importantly, these transactions occur on digital asset exchanges, which helps to propel the crypto community.”
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Ternio processes transactions via a crypto exchange, giving the ability to support real-time spending of digital assets.
They are one of only three approved crypto debits cards issued in the U.S. and the only one that supports multiple currencies.
Transactions in Bitcoin and other cryptocurrencies now account for upwards of 75% of funds transfers between players and U.S. facing online gambling sites.
- Aaron Goldstein, Gambling911.com
