Here comes the Litecoin (LTC) debit card
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Here comes the Litecoin (LTC) debit card

By Alfredo de Candia - 19 Jun 2019

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A few hours ago the Litecoin Foundation announced the partnership between Bibox and Ternio to launch a Litecoin (LTC) debit card.

Through this new partnership with Bibox Exchange and Ternio, Litecoin will give holders the opportunity to spend their crypto with the same ease of use as a traditional debit card. The card will also be rechargeable with other crypto and will allow spending Litecoin (LTC), Bibox Token (BIX) or Ternio (TERN).

As for the Bibox exchange, it will act as a custodian of user funds and help the operation with its more than $200 million in trading volumes, as stated by Bibox co-founder, Aries Wang:

“Bibox has always positioned ourselves as being on the forefront of crypto adoption. 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”.

The part related to the production of physical cards will be entrusted to Ternio, a leading company in technology, as explained by Charlie Lee, creator of Litecoin:

“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”.

The debit card, the Litecoin Blockcard, will initially be available only to American users and subsequently also to other users in other countries; it will be integrated with the Bibox exchange and with the LoafWallet wallet, which is the official Litecoin wallet, allowing rapid access to the entire ecosystem.

For the moment it is already possible to download LoafWallet and users will receive a notification as soon as the registration to obtain the debit card is active.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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