Digital currencies like Bitcoin or Ethereum offer undeniable benefits for individual users and businesses alike. Previously, paying with and receiving cryptocurrencies or other digital currencies was a difficult task due to regulatory limitations and liquidity issues. Modern problems require modern solutions and as a result we came across “Crypto Debit Cards” in early 2017. The first one to gain mainstream attention was an initiative by Centra Tech as they announced to release their own debit card by the name of “Centra Card” around mid 2017. The crypto debit card race has been going on since then.
We have seen a lot of amazing blockchain projects working towards providing a Digital Currency Debit Card in 2020. Amongst them, one of the most interesting blockchain projects is Ternio. It has built the middleware for cryptocurrencies to be utilized and spent as cryptocurrencies instead of fiat. To explain this better, let's look into this company’s details. Ternio is the only such company that issues “bank grade crypto debit cards'' that hold cryptos in the form of cryptos and not fiat money. They aim at empowering companies to be their own banks through this platform. The cryptocurrencies are held within the card until the point of sales. This ensures that the card holds its integrity as a “crypto debit card” more than just a gift card.
Ternio recently received even more distinction by becoming an Enablement Partner as part of VISA’s Fast Track initiative. Ternio is the first cryptocurrency focused enablement partner in the VISA program. Ternio will now help other FinTech and crypto companies to connect with VISA products so that others can launch similar crypto debit cards on the VISA network.. Ternio’s BlockCard platform has quickly become a new standard for digital currency debit cards, as it enables other companies and foundations in the cryptosphere to quickly gain access to more than 60 million merchants around the world.
An example is...