The Litecoin Foundation will launch a physical debit card with crypto



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The Litecoin Foundation has announced a partnership with the Bibox Exchange and blockchain company Ternio to launch a criptomoeda physical debit card in a blog post on June 18.

According to the publication, the companies will jointly launch a crypto-debt debit card called "BlockCard," which supposedly would allow users to spend their crypto-cash funds online and in physical stores around the world. Customers will be able to keep the crypto-coins as litecoin (LTC) and native token bibox (BIX) and ternium (TERN) of the Bibox and Ternio exchange, respectively.

Within the project, Bibox Exchange will act as custodian of user funds and will take advantage of a volume of criptomoeda operations worth more than $ 200 million. Ternio will provide a dedicated platform. The Litecoin Foundation and the Bibox exchange will integrate the card directly into Bibox's official wallet and into Litecoin's LoafWallet.

"This is an exciting partnership for us as it promotes the Litecoin Foundation's mission to create more use cases to use Litecoin in everyday life." Taking advantage of Ternio's BlockCard platform with the Bibox exchange engine, Litecoin owners unparalleled access to use their LTC in stores around the world. "

The Litecoin Foundation joins other players in the industry who have implemented digital currency debit cards. Recently, Coinbase, the American cryptography agency, has launched its Visa debit card in six European countries. Coinbase's new offering is supposed to allow users to spend the crypto-crashes they have on any negotiation that accepts Visa cards.

In March, Visa published a job offer related to crypto-crashes and blockchain. The company would be looking for someone to fill the position of technical product manager for Visa Fintech in its Palo Alto office. The position description says that the candidate must have a thorough knowledge of distributed registration technology and encryption.

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