Ternio has announced its first product for the general public called BlockCard ™. BlockCard is a debit card that allows the cardholder to spend the value of his cryptocurrency just as easily as traditional credit cards. BlockCard can be used online or in physical outlets, wherever major credit cards are accepted worldwide.
"The goal of Ternio is to accelerate the use of blockchain and cryptocurrency in everyday life," he said Ian Kane, COO and founder of Ternio. "BlockCard allows the cardholder to get a real utility from his cryptocurrency and removes the idea that cryptography is just a speculative asset."
BlockCard currently supports four cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Stellar Lumens (XLM) and Ternio (TERN). Consumers who own one of these cryptocurrencies may deposit them on their BlockCard account after registering. Other currencies will be added during the year. BlockCard ™ users have the choice between a virtual or a physical card. Those who want a physical BlockCard ™ can also select a plastic or metal version of the card.
Ternio's BlockCard is one of only three approved encrypted cards the United States and is the only card to support multiple cryptocurrencies – giving cardholders the option to finance their BlockCard. It is also the only card that allows real-time spending of cryptocurrency by processing transactions through a cryptographic exchange. Ternio has registered over 1,000 people during their soft launch. Those interested in having a BlockCard account can register now at: https://getblockcard.com.
"We want to offer consumers the option on which digital asset they use to fund their BlockCard account," he said Daniel Gouldman, CEO and founder of Ternio. "Cardholders decide if they want to buy a bagel with their Bitcoin or a milk with their Lumen Stellar, and above all, these transactions take place on digital asset exchanges, which helps push the crypto community."
Ternio BlockCard ™:
Ternio is a leading blockchain company that leads to the adoption of blockchain and cryptocurrency in everyday life with its Lexicon and BlockCard ™ frameworks. BlockCard ™ is a physical debit card created by Ternio. With BlockCard ™ cardholders are allowed to spend their BTC, ETH, XLM and TERN cards anywhere in the world. Further information on https://getblockcard.com