Ternio BlockCard Will Function on VISA Payment Network for US Residents

Today it was announced that Ternio’s BlockCard will operate on the VISA payment network for United States residents. Ternio’s BlockCard account supports multiple cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), BitcoinCash (BCH), Litecoin (LTC), Stellar Lumens (XLM) and Ternio (TERN). Users holding those cryptocurrencies can deposit them in their BlockCard account at GetBlockCard.com.

The BlockCard account enables the card holder to keep their value in crypto up until the point of sale. When BlockCard is used, the processing transactions are facilitated via a crypto exchange. Alternatives limit the consumer by converting their crypto value to Fiat money prior to the point of sale and placing a stagnate value on a card.

“Millions of people hold cryptocurrency, but until today there was not an easy to use option for them to quickly and efficiently spend the value of their crypto,” said Daniel Gouldman, CEO of Ternio. “Ternio’s BlockCard account is a paradigm shift for the crypto ecosystem – enabling anyone to quickly sign up, fund their account, and keep the value in crypto until the point of swiping their card with the merchant.”

“We’re thrilled to partner with Ternio on their BlockCard program,” said Rob Vanden Broecke, EVP at CashPass. “At CashPass, we constantly strive to give customers new technology options to make payments faster and more convenient. I’m excited to watch this program grow!”

Read More: https://finance.yahoo.com/news/ternio-blockcard-function-visa-payment-210000266.html