First, we are thrilled to announce that TokenCard is rebranding to Monolith. This rebrand represents the next evolution of the company, one which doesn’t just include a new name but also comes with many exciting new features and additions. Secondly, it’s crystal clear that we’ve been talking about the “Summer of Monolith” for a while; now it’s time for the fireworks—to learn more.
According to the cryptoninjas, Monolith Studio has officially announced its token launch for TokenCard—the first debit card powered by smart contracts. On that note, TokenCard brings the Visa Payment Networks to Ethereum, so those token holders will soon be able to use Ether and other ERC20 Tokens to purchase items anywhere that accepts the Visa Debit Card payment system.
Monolith is a decentralized banking alternative powered by Ethereum technology. While, at the same time, making decentralized financial services secure and easy to use, becoming one of the first practical, authentic use cases on the Ethereum blockchain. Of course, in today’s digital age, Cryptocurrency has revolutionized how we perceive and interact with money, unlike fiat currency.
With the rise of DpoS Blockchain and related technology, individuals worldwide can securely store and transact with digital assets. However, despite the increasing popularity of Cryptocurrencies, there is still a significant gap in seamlessly integrating them into our daily lives. This is where TokenCard comes in, offering a groundbreaking solution for users to spend their Cryptos anywhere.
TokenCard Is Enabling The Ethereum Proliferation Into The Mass Market
To enumerate, TokenCard presents an innovative platform that seeks to connect the various forms of Cryptocurrencies and traditional finance. Its primary objective is to offer individuals a straightforward and robust solution for utilizing their digital assets to make everyday purchases. With TokenCard, Cryptocurrency users can now experience the advantages of both worlds.
At the same time, it combines the security and transparency of blockchain technology with the convenience of a traditional debit card. To verify users have ownership of a wallet that was used to contribute to the TokenCard crowdsale in 2017, users are asked to send a specific amount of ETH (less than $0.02) to one of TokenCard’s addresses. And then, a user confirmation is made.
Once confirmed that the send-from wallet address matches the participant’s crowdsale address, TokenCard will send a link to download the TokenCard app from TestFlight. All ETH sent will be refunded in full. ICO and new bitcoin exchange regulations have been commented on during the past months by individual members of the South Korean regulator for the investment industry.
Following this, the Financial Services Commission (FSC) declared that all forms of Initial Coin Offerings (ICOs) would be prohibited. The joint task force was held between the FSC, the Korea National Statistical Office, and Korea National Police Agency (KPA). They will effectively implement and uphold new laws in the domestic digital financial assets and Bitcoin trading marketplaces.
TokenCard Is Bridging The Gap Between Cryptos And Traditional Finance
TokenCard was the first token-to-card vendor to take the plunge and offer the convenience those who hold tokens are looking for. With TokenCard, users can load Cryptocurrency onto a card and use it like any other credit or debit card. Despite being the first token-to-card vendor, TokenCard somehow got overlooked, so not everyone searching for this type of service knows it exists.
Usually, it leverages the power of smart contracts on the Ethereum blockchain to enable users to store their crypto assets securely. By linking their digital wallet to the TokenCard platform, users can seamlessly convert their Cryptocurrencies into traditional fiat currencies in real-time. The transaction is executed seamlessly when you purchase using your TokenCard debit card.
In that case, the seamless transaction is made possible using your chosen Cryptocurrency—but the merchant receives the payment in their preferred fiat currency. For your information, the ever-emerging Bitcoin technology era—an online marketplace for trading digital assets—can also be used with TokenCard for enhanced trading opportunities. Perse, without spending more.
Furthermore, TokenCard incorporates robust security measures to protect user funds. This includes implementing multi-signature technology and cold storage solutions and safeguarding digital assets from potential threats and unauthorized access. By prioritizing security, it strives to instill confidence in users and foster the widespread adoption of Cryptos in daily financial activities.
Getting To Know How The TokenCard Works In Powering Up Digital Assets
Generally speaking, with TokenCard, the possibilities are endless. Imagine being able to pay for your morning coffee with Bitcoin, buy groceries with Ethereum, or book a vacation using your favorite altcoin. TokenCard empowers individuals to use their digital assets like they would traditional money, opening up opportunities for Cryptocurrency enthusiasts and businesses.
