Socios: the debit card to spend the tokens
Socios: the debit card to spend the tokens

Socios: the debit card to spend the tokens

By Alfredo de Candia - 17 Aug 2020

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Over the weekend, the Socios blockchain project announced that it has launched its own debit card, available for all users wishing to spend the platform’s tokens.

It is worth recalling that this platform allows users to interact directly with their favourite football teams. In fact, many football clubs have joined the project: top names such as Juventus, Roma, Barcelona and many more.

Socios currently uses 2 tokens, namely Chiliz (CHZ), which is what is usually used to buy team tokens, and the recently launched United Fan Token (SSU), a governance token with functions to participate in quizzes or be rewarded by the platform.

The debit card, created in collaboration with the Railsbank bank, will not only be available to all registered users on the Socios website but will allow them to deposit fiat currencies such as euros or pounds and make purchases for goods and services of the platform.

In addition, the card will also have an IBAN already supported by 26 Eurozone countries.

To celebrate the event, a commemorative card has also been created along with a cashback system for all those who will use the CHZ token, as well as the possibility to receive a €100 daily airdrop.

The card is linked to the profile of the individual users thanks to their Socios ID. Obviously, it is necessary to pass the KYC (Know Your Customer) verification; these new cards will be issued by the end of this month. 

This represents the last hurdle between users and fans when it comes to using the token, said the founder of Socios, Alexandre Dreyfus:

“The VISA debit card is the last mile between the club and its fans, through which fans can enjoy even greater recognition – receiving financial boosts and reward points while boosting their fan status for making purchases linked to the clubs they love.”

It’s a “dream ticket,” explained Louisa Murray, Global Head of Sales at Railsbank:

 “Fintech and football together, the dream ticket! We are very excited that Chiliz and have chosen the Railsbank platform from which to launch this very exciting product and we will be working very closely with the team to ensure that it is a great success.”

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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