Ternio, a blockchain company based in the United States, announced on Friday the launch of its new cryptocurrency debit card, BlockCard. Founded in 2017, Ternio pprovides a highly scalable blockchain framework called Lexicon for corporate customers. According to Ternio, Lexicon independently verified over 1 million transactions per second, all on the chain.
"Ternio brings transparency to programmatic digital advertising with its Lexicon framework: Lexicon is the only scalable blockchain solution for programmatic digital advertising, capable of supporting over 1 million transactions per second. ads use Lexicon to verify users, pay publishers immediately, and protect advertisers from advertising fraud. "
Ternio reported that BlockCard is a debit card that allows the cardholder to spend the value of their cryptocurrency just as easily as traditional credit cards. The debit card can be used online or in physical outlets, wherever major credit cards are accepted in the world. While sharing more details about the card, Ian Kane, COO and founder of Ternio, said:
"The goal of Ternio is to accelerate the use of blockchain and cryptocurrency in everyday life BlockCard allows the cardholder to get a real utility from their 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). Ternio noted that 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.