By 2gether, a banking startup has announced that it’s launching a Visa debit card which allows users to spend cryptocurrencies.
In the announcement, 2gether stated that customers would be able to utilise their card to pay with either euros or any of the following cryptocurrencies: Bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC).
The nifty tech behind the card “instantly” converts crypto to fiat and can be used fee-free by consumers in any of the 19 eurozone countries.
2gether stated that its card would bridge the gap pertaining to the issues that come when making purchases directly with digital assets.
They stated:
“Currently, spending crypto is a long and difficult process involving exchanges, personal keys, and lots of waiting.”
In addition to this, 2getger customers who pass know-your-customer (KYC) procedures will be able to manage their balances via an Android or iOS mobile app which will enable them to purchase, sell and hold onto cryptocurrencies. Furthermore, the firm stated that these purchases are offered at “no mark-ups to exchange prices.”
After a successful beta run in Spain, the company is expanding its operations across Europe. Users will be able to purchase the application with an expected launch on the 27th of March.
2gether CEO Ramón Ferraz stated:
“To date, there has been no consumer-owned, tangible application that connects crypto and the mainstream market. We’re proud to be one of the first companies in the crypto space launching a token sale with an already finished product.”
The Madrid-base 2gether was founded in 2016, and the company has stated that its under advisory from KPMG and A.T Kearney.
Lastly, the firm says that its core mission is to “dramatically improve the personal economies of customers” who utilise technologies such as blockchain and big data.
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