By Monolith, a London-based Ethereum alternative platform, has announced its partnership with (DeFi)Digix and Maker DAO. This partnership will allow the platform’s users to load tokens on their Monolith Visa debit cards.
The Monolith team is in partnership with global blockchain companies DAO and Digix to bring their digital currencies to the platform. This is, in essence, part of pioneering the advocacy of digital currency in e-payments.
Users Were Able to Load Their Visa Cards as From The 15th
Subscribers who sign up for Monolith were in a position to load their Monolith Visa debit cards as from the 15th of August 2019. They could either use Digix or Maker DAO currencies via their Monolith mobile app. These ingrained currencies may be used for several services as well as everyday transactions, for instance, paying bills, sending and receiving money or even to pay bills.
The global first smart-asset company, Digix, makes use of blockchain to account for the source of 99.99% investment-grade gold bullions. Singapore and Canada stores in accredited vaults DGX tokens represented by 1 gram of gold. This tokens can be exchanged by investors holding DGX to redeem the physical investment-grade gold bullion.
The first 1,000 users to receive free tokens
To celebrate their partnership with Monolith, Digix is giving its first 1,000 subscribers who make use of their Monolith card a 0.1g of Gold in DGX tokens deposited in their Monolith wallet.
Larger institutions are now seeing the future of blockchain in payment processing with the decentralized finance space receiving the most significant attention in 2019. The announcement by Monolith comes opportunely as other prominent institutions such as J.P Morgan Chase, Facebook, and Visa have their eyes on blockchain-based projects.
Through the debit card which allows for utilization anywhere with a Visa acceptance and Monolith platform, retail investors based in European and London of Digix’s digital assets can now use DGX tokens for purchases they make daily. More blockchain-based companies such as Digix can initiate their e-payment options to better serve consumers with the credibility of connecting with anywhere that accepts Visa.
CEO of Monolith, Mel Gelderman said that “We’re thrilled to have had a fantastic response from our beta users and are now ramping up for growth. Renovating to Monolith helps us accomplish our mission of democratizing finance and bringing the Token economy to everyone while providing a unique service to our customers.”
“Digix and MakerDAO are some of the most recognized and earliest Ethereum-based projects. For TKN holders, these partnerships mean that DAI, DGD, and DGX are now eligible for usage in the TKN Asset Contract. We’ll be delighted to offer them on Monolith, and see this as the start of bringing many more quality tokens into the Monolith ecosystem. Watch this space.” He added.
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