Litecoin (LTC) to Launch Crypto Card Partnering with Bibox and Ternio

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Wed, 06/19/2019 - 10:25
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Yuri Molchan
Litecoin joins the ‘club’ of crypto companies that are releasing plastic cards to allow clients to use crypto both in online and offline stores
Litecoin (LTC) to Launch Crypto Card Partnering with Bibox and Ternio
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Tron, BitTorrent, Coinbase…now the Litecoin Foundation joins this line of companies that have launched their crypto debit cards, bringing the day of crypto global adoption closer.

Charlie Lee’s LTC Foundation reveals the whole picture on its blog.

Litecoin joins efforts with Bibox

To carry out the new plan of putting the ‘digital silver’ in active circulation around the globe, the LTC Foundation has partnered with Bibox crypto trading platform, as well as Ternio. All three together are about to release a Litecoin BlockCard.

The new card is to be launched soon, and it will let LTC holders make use of their most-favoured coin both in online and offline shops, where clients can pay by regular cards.

The Foundation plans to initiate a special edition of the BlockCard by Ternio, working with LTC.

Apart from LTC, other coins will also be usable through the card – BIX and TERN (both are released by the new partners of Litecoin).

Bibox co-founder Aries Wang says about the new partnership:

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 area the LTC card will cover

The LTC BlockCard is planned for an upcoming release in the US and later on – beyond that region for all crypto fans.

By efforts of Bibox, the card will be integrated into Bibox and built into the LoafWallet. The latter is the official LTC wallet, thus enabling users to utilize their LTC cards instantly and increase the purchasing power of crypto.

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How crypto cards work

Crypto cards that have been launched previously, e.g. by Coinbase, allow users to convert their crypto into fiat via a special mobile app.

The same works for Starbucks, Whole Foods and other major chain stores that have recently begun accepting BTC with other crypto.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.