Litecoin Latest to Release Crypto Card

Litecoin Latest to Release Crypto Card

The Litecoin Foundation has announced that they will be the latest to throw their hat into the cryptocurrency debit card ring through a new partnership with Bibox Exchange and Ternio, a blockchain firm.

It seems at the moment that real-world cards that operate via cryptocurrencies are all the rage. A few companies have announced their intent, while other companies, such as Coinbase and Crypterium, have already fully functioning cards in place for users to pay for real-world products via their virtual currencies.  Now, the Litecoin Foundation will also be attempting to fill the gap in the market and provide day-to-day functionality via a card of their own.

The so-called BlockCard is said to be in the works and will allow the holder to pay instore and online across the globe. Bibox will be providing the leverage for the card, which should reach well over $200 million in cryptocurrencies, and Ternio will provide the platform, Naturally, this card will allow users to pay for items via Litecoin, as well as Bibox Exchange’s native, Bibox Token, and Ternio’s own, Ternio. With other cryptocurrency offerings likely to be included later on down the line too.

The news came via a Twitter post shared by the Litecoin Foundation today, which had a full rundown for the details of the new product, which you can read here. Within this rundown, creator of Litecoin and Managing Director of the Litecoin Foundation, Charlie Lee stated that “This is an exciting partnership for us as it furthers the Litecoin Foundation’s mission to create more use cases for spending Litecoin in everyday life. Leveraging Ternio’s BlockCard platform with Bibox’s exchange engine gives Litecoin holders unparalleled access to use their LTC at merchants around the world.”

While Aries Wang, Co-Founder of Bibox explained that, “By partnering with the Litecoin Foundation and Ternio we are able to leverage Bibox’s robust exchange platform to help bring consumers more options to spend cryptocurrency with unprecedented ease”.

There were other developments elsewhere today in the world of Litecoin too. With their gains reaching gains of up to 26% since last month, leaving their current market value at $3.94 billion.

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