US blockchain firm, Ternio has announced its first product for the public, BlockCard™. BlockCard™ is a debit card enabling the card holder to spend the value of his cryptocurrency with the utmost ease as traditional credit cards. It can be used either online or in physical store locations, where credit cards are accepted.
Ian Kane, COO & Founder of Ternio, said –
“Ternio’s goal is to accelerate the use of blockchain and cryptocurrency into everyday life. BlockCard enables the card holder to gain real utility from their cryptocurrency and removes the notion that crypto is only a speculative asset.”
At present, BlockCard™ only supports four cryptocurrencies, including Bitcoin, Ethereum, Stellar Lumens and Ternio. Consumers who hold any of the mentioned digital currencies can deposit them to their BlockCard account after signing up.
The cryptocurrency debit card will soon support additional digital currencies throughout the year. The users of BlockCard™ have the option to choose between a digital or physical card. Those willing to get a physical BlockCard™ can choose between a plastic or a metal version of the card.
This BlockCard™ launched by Ternio is one of the only three approved crypto debit cards in the US. Also, it is the only card that supports multiple cryptocurrencies which gives card holders the option on how they fund their BlockCard™.
Not only this, Ternio’s BlockCard™ is also the only card enabling real time spending of digital currencies by processing transactions through a crypto exchange.
The CEO and Founder of Ternio, Daniel Gouldman, said –
“We want to give consumers the option on which digital asset they use to fund their BlockCard account. Card holders 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.”