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) $9,926.60 (+3.04%)
  • Ethereum (ETH) $278.79 (+8.02%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $412.56 (+2.61%)
  • Bitcoin SV (BSV) $307.33 (+0.14%)
  • Bitcoin (BTC) $9,926.60 (+3.04%)
Feb 18, 2020 (Tuesday)
13:26
Enjin’s game development platform goes live on ethereum
12:14
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:14
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:13
Boerse Stuttgart's blocknox to offer crypto custody services to institutional clients
11:12
Crypto derivatives exchange Deribit lists daily ether options
10:48
UEFA EURO 2020 tickets to be distributed using blockchain-based ticketing system
10:12
South Korean and Singaporean crypto exchanges partner to develop new services
09:42
Russian central bank completes blockchain tokenization pilot in its regulatory sandbox
08:17
Crypto Technicals: ETH/USD retraces brief dip below 200H MA, close above 5-DMA to see upside resumption
08:16
Crypto exchange FCoin likely to default after up to $130M bitcoin shortfall
06:46
France-based Lagardère Sports partners with blockchain-based fan engagement platform Chiliz
05:36
Binance launches cloud solution to simplify launching cryptocurrency exchanges
04:52
Crypto Technicals: BTC/USD hovers around 21-EMA (9690), potential 'Golden Cross' limits downside
04:51
Telecom giants jointly test blockchain solution for automating roaming discount agreements
Feb 17, 2020 (Monday)
13:34
Fullerton Markets adds support for cryptocurrency deposits and withdrawals
13:02
Crypto asset custodian Copper raises $8M in Series A round
12:06
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:05
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:58
CFTC sues Colorado resident with fraud in crypto-related Ponzi scheme
11:22
Crypto Technicals: ETH/USD slips below 5-DMA, 'Golden Cross' to limit downside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft