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Crypto Payment Card to Be Launched by Banking Platform: XRP, XLM, BTC Supported

  • Yuri Molchan
    📰 News

    A banking startup is about to launch a debit card which crypto enthusiasts will be able to use to pay for goods with crypto


Crypto Payment Card to Be Launched by Banking Platform: XRP, XLM, BTC Supported
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In a recent press release, the banking startup 2gether promises that its new prepaid Visa card will allow the firm’s customers to use either fiat currency or seven crypto coins to pay for things: BTC, XRP, EOS, XLM and a few others.

A shortcut for crypto payments

The card helps people by changing digital assets into fiat (EUR) and will be accepted in almost 20 EU countries.


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2gether explains that their new Visa crypto card will be a solution for issues that prevent direct crypto payments – at the moment, if you want to pay for something with crypto, you need to work with private keys, exchanges and time-consuming transactions, as per a 2gether rep.

Regulatory compliance procedures

The company has also integrated know-your-customer (KYC) measures that users have to pass on their Android and iOS apps – only this way can they conduct transactions with crypto or simply store it. Besides, the startup claims that customers can buy crypto without the extra charges that are typical of exchanges.

Thus, the startup is going in line with international regulatory policy and is trying to protect its users.

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Beta testing phase

So far, the platform has been launched in beta in Spain. 2gether is now conducting a rollout in the Euro area. No exact dates have been provided for the official launch of the

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, but customers can so far download the app for using the card to take part in the beta testing phase.

The company’s native token

At the end of March, 2gether will also begin a pre-sale of its own coin, 2GT, through the app. The company hopes to attract around $5.65 mln. Users from all EU areas are eligible to partake, the statement says.

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

Cover image via 123rf.com
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