Saturday January 16, 2021
BTC $36,744.00 (-3.92%)   ETH $1,187.36 (-3.24%)
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
SWAP BITCOIN NOW
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Capital Raising

Monolith Studio announces ICO for TokenCard, the 1st debit card powered by smart contracts

Published by CryptoNinjas.net
04/21/2017

Monolith Studio has officially announced its token launch for TokenCard, the first debit card powered by smart contracts. TokenCard brings the VISA payments network to Ethereum so those token holders will soon be able to use Ether as well as other ERC20 tokens to purchase items anywhere that accepts VISA debit cards.

TokenCard will launch its ‘token creation’ of a new ERC20 token, called TKN, on May 2nd. TKN holders have a pro-rata share in accumulation of different Ethereum tokens that accrue to the ‘TKN Asset Contract’.

Mel Gelderman, Co-Founder of Monolith Studio

Mel Gelderman, co-creator of TokenCard and co-founder of Monolith Studio said:

“We are witnessing the birth of the biggest shake up in financial history with the introduction of the Ethereum economy. TokenCard is a platform that brings this new kind of economy to the general public through a clever trifecta of technology.”

“Users choose a Contract Wallet rather than having to deposit funds outside of their control. TokenCard VISA debit cards draw funds from this contract wallet that support Ether and almost any ERC20 token.”

“Users can use the Token App to operate their Contract Wallet and manage their TokenCard, giving them a top-tier mobile banking experience that adds unique features into the mix like multi-asset spending. For example, users can pay for their afternoon lunch with Ethereum tokens and can even split the bill between for example 30% DGX, 20% REP, and 50% ETH – all while remaining in full control of their assets.”

Aside from providing a solution for the underlying Ethereum community, TokenCard is equipped to improve upon the entire spectrum of regular debit card and banking services. Markets like international remittances and asset management are ripe for innovation using Ethereum technology, and TokenCard is aiming to be well-positioned to provide new financial solutions.

While initially providing current token holders with payment utility, the core vision of TokenCard is to build a product that anyone can use. With the accompanying Token app alongside the debit card, regular users will have a familiar platform to access and engage in the Ethereum ecosystem.

Peter Vessenes, co-founder of the Bitcoin Foundation and founder of New Alchemy, a blockchain consulting service involved in TokenCard said:

“TokenCard makes every token better, letting users spend supported tokens with just a swipe at VISA merchants worldwide. It has unique benefits for the remittance market, and the TKN token being issued is designed to let all TKN holders benefit from broad market exposure to the token economy. This is a great, great offering and we’re excited to be part of it.”

38
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

Signup opens up for alpha of TokenCard’s Visa debit card

04/15/2019

TokenCard partners with Contis to issue Visa debit cards to crypto users

01/30/2019

South Korea prohibits ICOs and margin trading on bitcoin exchanges

09/29/2017

Tether and Ethfinex enable tokenized USD on Ethereum

09/11/2017

draglet launches all-inclusive solution for setting up ICO

08/18/2017

Foreign investors soon will be able to buy Ukraine real estate on DApp Propy

08/15/2017
Load More
Leave Comment
CoinSwitch: Instant Cryptocurrency Exchange and Converter CoinSwitch: Instant Cryptocurrency Exchange and Converter CoinSwitch: Instant Cryptocurrency Exchange and Converter

Recent Updates

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Cryptohopper launches new feature to automatically test, rank, and deploy trading strategies

Binance adds Navcoin (NAV) to their locked staking program

Loans now available on the Crypto.com Exchange

Modulus CEO: Parler & Amazon Strife Highlight Danger for Digital Asset Exchanges

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Purchase 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Nisbah Capital joins Tezos blockchain baker ecosystem

IOHK expands Cardano development fund with launch of new $500K round

Instimatch to leverage Algorand blockchain to advance settlement and payment solutions

Crypto exchange Poloniex launches XRP perpetual futures

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy