• Mon, 15 Jul 2019, 06:18 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Litecoin Foundation, Bibox, Ternio to unveil physical cryptocurrency debit card 'Litecoin Blockcard'

Wed, 19 Jun 2019, 07:14 am UTC

The Litecoin Foundation recently revealed it will team up with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card to its customer base.

As per a blog post, the cryptocurrency debit card, called “Litecoin Blockcard,” will enable users to spend their cryptocurrency funds both online and in physical store locations worldwide where major credit cards are accepted. Customers are allowed to make deposits in different currencies and keep their spendable value in Litecoin (LTC), Bibox Token (BIX), or Ternio (TRN).

Under the collaboration, Bibox Exchange will act as the custodian of users’ funds and leverage more than $200 million worth of cryptocurrency trading volume. Ternio will provide a dedicated platform, whereas the Litecoin Foundation and Bibox Exchange will incorporate the debit card into the Bibox Exchange and Litecoin’s official wallet, LoafWallet.

This is an exciting partnership for us as it furthers the Litecoin Foundation’s mission to create more use cases for spending Litecoin in everyday life. Leveraging Ternio’s BlockCard platform with Bibox’s exchange engine gives Litecoin holders unparalleled access to use their LTC at merchants around the world,” Charlie Lee, Litecoin creator and Litecoin Foundation Managing Director, said.

The debit cards will initially be released to U.S. residents and soon for non-U.S. customers. The Litecoin Foundation and Bibox Exchange will soon inform their U.S.-based users in the coming weeks on how to access the credit cards.

Just recently, cryptocurrency exchange Coinbase also announced the expansion of its Visa debit card service to six new countries across Europe. Dubbed as the Coinbase Card, it allows UK-based customers to use their cryptocurrency funds for spending.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,454.60 (-1.02%)
  • Ethereum (ETH) $226.56 (-4.68%)
  • XRP (XRP) $0.314100 (0.00%)
  • Litecoin (LTC) $89.55 (-0.95%)
  • Bitcoin Cash (BCH) $307.89 (-0.68%)
  • Bitcoin (BTC) $10,454.60 (-1.02%)
Jul 15, 2019 (Monday)
13:14
Crypto Technicals: XRP/USD extends weakness below 200-DMA, on track to test trendline support at 0.28
13:10
Draft of India’s cryptocurrency ban bill surfaces online
11:57
Shinhan Card patents blockchain-based system with credit card functionality
11:12
IOTA, MOBI, SAP, Deutsche Telekom and others join Convergence Alliance focused blockchain, AI, IoT
11:12
Crypto Technicals: LTC/USD pauses downside at 84 handle, bias still bearish
10:28
Crypto Technicals: BTC/USD holds support at 55-EMA (9854), break below will see further weakness
10:15
Enterprise blockchain firm R3 eyes IPO: Report
09:36
Bank of Thailand reviews blockchain applications in multiple areas
08:51
PayFast to stop accepting Bitcoin as payment method due to high fees, slow process time
07:17
U.S. lawmakers seek to prevent big tech companies from offering cryptocurrencies
06:03
Georgia VAT-exempts cryptocurrencies
05:50
Bitpoint Japan finds part of stolen cryptocurrency
05:02
South Korean companies team up to build blockchain-based identification system
Jul 12, 2019 (Friday)
11:40
Litecoin becomes official cryptocurrency of American football team Miami Dolphins
10:48
Crypto Technicals: Ripple breaks below 200-DMA, opens up further downside
10:40
Japanese cryptocurrency exchange Bitpoint loses $32M to hackers
09:40
US Election Commission to approve Congressional candidate's Ethereum token giveaway plans
09:16
HSBC reduces transaction time by 12 Days using Voltron blockchain platform
09:07
Amazon, Deloitte, Fidelity support IDEO CoLab's free blockchain accelerator program
09:05
Turkey considers developing central bank digital currency
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft