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Ternio Launches Crypto Friendly Banking With FDIC Insured Checking Accounts for BlockCard Customers

ATLANTA / ACCESSWIRE / July 28, 2020 / ​The global fintech platform, Ternio, best known for its crypto-friendly debit card, BlockCard, has released FDIC insured checking accounts for United States customers. The bank account is the latest feature in a lineup of banking products and services designed to give cryptocurrency and blockchain real-world application.

BlockCard Bank Accounts are free for US customers to open. They work like any traditional online bank allowing ACH or Wire transfer deposits and withdrawals. The BlockCard Bank Account will also enable customers to buy Bitcoin and other cryptocurrencies directly from their US dollar account balance and deliver the purchased Bitcoin directly to the customer's own crypto wallet.

"Adding a checking account was a natural addition to our mission here at Ternio. That is, the development of a fintech platform that acts as an easy on-ramp for mainstream adoption of crypto and blockchain applications. The checking account creates an opportunity for new users to explore cryptocurrency while supporting current BlockCard holders with an additional feature that will bring them another step close to true crypto friendly banking." - Ian Kane, Co-Founder and COO.

"Evolve Bank & Trust was thrilled to partner with Ternio on this initiative to help bring compliant and regulated financial services to the crypto community. Having seen the suite of tools Ternio has built, made it an easy decision to work with them as they bring cryptocurrency mainstream. BlockCard is one of the most unique crypto solutions we have seen in the market and offering FDIC Insured checking accounts through Evolve was the perfect complement" - Hank Word, Senior Vice President & Chief Technology Officer, Evolve Bank & Trust.

The much-anticipated service will have the option to work in conjunction with BlockCard Debit Card, allowing users to move in and out of cryptocurrency seamlessly. From a single dashboard, ...

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