Blockchain Company Ternio has launched BlockCard, a debit card that enables users to spend cryptocurrency anywhere in the world where major credit cards are accepted.
Ternio said BlockCard was one of only three approved crypto debit cards in the United States, and was the only card to support the use of multiple cryptocurrencies; Bitcoin, Ethereum, Stellar Lumens and Ternio, with additional currencies anticipated to be added throughout 2019.
Consumers can deposit any of these cryptocurrencies in their BlockCard account after signing up, selecting a virtual or physical card.'Ternio's goal is to accelerate the use of blockchain and cryptocurrency into everyday life,' said Ternio COO and founder Ian Kane.Click To Tweet
“BlockCard enables the card holder to gain real utility from their cryptocurrency and removes the notion that crypto is only a speculative asset.”
During its soft launch, Ternio registered more than 1,000 people for BlockCard and said it was the only card that enabled real time spending of crypto by processing transactions via a crypto exchange.