Banking Startup Launches Visa Card That Allows Users To Spend Cryptos
2gether, which is a banking startup, is expected to launch a prepaid Visa debit card designed to enable users to spend digital currencies. Here is everything about it in a nutshell.
The 2gether Product Explained
According to the firm’s official announcement, customers will have the ability to use the card in paying with Euros or any of the seven cryptos. The latter, in particular, includes Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), EOS, Litecoin (LTC), Stellar (XLM), and XRP.
Basically, the card can instantly convert digital currencies to fiat currency. More importantly, customers can use it every now and then without the worry of paying fees as long as it is utilized under any of the 19 Eurozone countries.
2gether further said in the announcement that the card would address all obstacles that usually come with performing payments using cryptos. Right now, spending digital currency is proven to be a long and rigorous process, one that involves the existence of personal keys, exchanges, and long queues, among many others.
The banking firm’s very own customers passing KYC (know-your-customers) procedures will be able to manage their balances through their mobile devices, a process that is available on both Android and iOS. This will be via an app that allows them to not only buy and sell digital currencies but store them as well. Moreover, the startup stated that all purchases being offered come at “no mark-ups” when it comes to exchange prices.
Pre-sale Of 2GT
The company first launched a beta version of the platform in Spain, which later on managed to expand across the aforementioned Eurozone. Even more so, the firm confirmed that the app can finally be downloaded and utilized come March 27, which is the official launch.
Also, on the same day of the launch, 2gether is hoping it can put forward a pre-sale of its very own native token called “2GT.” Interestingly, the pre-sale will also take place via the above-mentioned app as the company aims to raise at least $5.65 million. The company said that all citizens of the Eurozone are eligible to participate.
According to CEO Ramon Ferraz, there has yet to be an app that has the ability to connect cryptos and the mainstream market. With 2gether’s upcoming app, it is both tangible and consumer-owned. The executive further said that he is proud of the fact that the company is the first in the cryptocurrency space in a launching a token sale with an already completed product.