ATLANTA, GA – September 16, 2020 – For Blockcard Account users who noticed recently that they can now activate their own Blockcard bank accounts, a new feature has just gone live: Buying Bitcoin (BTC) and Ternio (TERN) directly with USD. BlockCard bank accounts now give customers a full on-ramp and off-ramp in or out of cryptocurrency and are the perfect complement to depositing or withdrawing to top cryptocurrency exchanges.
The release of Blockcard’s FDIC insured checking accounts is the latest in a lineup of crypto friendly banking products and services. Now in addition to being able to fund their Blockcard debit cards for easy spending, users now have the option of purchasing Bitcoin and other cryptocurrencies directly from their Blockcard bank account.
BlockCard Bank Accounts empower users to instantly purchase BTC or TERN using their US Dollar account balance. Unlike alternatives, there is no waiting as funds are instantly deducted and the asset price is instantly locked in. The BlockCard platform evaluates numerous order books of top cryptocurrency exchanges in real time to find the best rate for the customer. The purchased digital asset is then settled directly into the customer’s personal cryptocurrency wallet so they maintain custody of their asset.“We always wanted to see an exchange feature on the Blockcard platform, and the new bank accounts are the perfect outlet to see that dream realized. And we’ve consolidated the process so that everything – from basic deposits and transfers, adding funds to a Blockcard for immediate spending power, even buying Bitcoin directly from a Blockcard bank account – can be done from the Blockcard dashboard. Our focus has always been to bring cryptocurrency and blockchain to the mainstream, and the bank account on-ramp is a key component of that.” -Ian Kane, Ternio Co-Founder and COO
Ternio has partnered with a US based bank to develop this new crypto-friendly banking product. Account-holders...