Image credit: https://londonblockexchange.com/
With this card, you can cash out Bitcoin, Ethereum, Litecoin and other cryptocurrencies at ATMs, or use it to make purchases using different cryptocurrencies.
London-based London Block Exchange has issued a Dragoncard Visa debit card for cashing cryptocurrencies and make purchases, Business Insider reports.
As mentioned in the article, Bitcoin, Ethereum, Litecoin and other cryptocurrencies can be cashed with the help of the card. "The principle of the card is the following: the owner downloads a special application into the smartphone and connects his virtual wallets. With Dragoncard, you can not only pay for purchases on the Internet and offline stores, but also withdraw cash from ATMs", the article states.
Image credit: https://www.atmmarketplace.com/articles/cardless-atm-access-keep-up-or-get-left-behind/
In the latter case, the cryptocurrency will be converted at the current rate to the Pound Sterling. The creators of the card have already received 2 million Pounds Sterling from an anonymous investor. LBX CEO Ben Dives said that British citizens have difficulties to conduct operations with cryptocurrencies, although London is one of the financial centers of the world.
Image credit: https://www.engadget.com/2017/11/15/london-block-exchange-bitcoin-dragoncard-uk/
Dives' colleague, banker Adam Bryant, believes that their startup will change the cryptocurrency market in the UK. To use Dragoncard, you need to sign a contract and pay 20 Pounds as a service charge. LBX will charge 0.5% of all operations with a cryptocurrency and a small commission when withdrawing cash from ATMs.
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I ordered the TENX card, works exactly the same...it is backed by Visa, so you can purchase anything and everywhere like with a real Credit Card (online and offline, as well ATMs). And best of all you even get a small percentage back for every transaction you spend. Their wallet works on all platforms (smartphones, tablets and browser)
In addition, the founder of TENX, @julianhosp, creates endless amounts of videos, to help educate the public about CRYPTO CURRENCIES and the BLOCKCHAIN technology in general. An absolute must-watch, especially for beginners..... #cryptofit
To learn more, check out TENX here: https://www.tenx.tech
Yeah, TenX and Monaco are both doing similar projects.
This is great, would like more information when available.
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