What is TokenCard?
Much like any other Bitcoin debit card out there, the TokenCard allow you to spend Bitcoin. Loading the card likewise works differently from other bitcoin debit cards.
We’ve called this a Bitcoin debit card for the sake of simplicity; the TokenCard does not permit you to hold Bitcoin. Instead, the two main cryptocurrencies are ETH and TKN. That stated, the card also supports some other altcoins. These include 1ST, REP, DGD, MKR, ICN, GNT, MLN, and SNGLS.
The TokenCard wallet
Instead of a traditional Bitcoin wallet, you’ll get an Ethereum smart contract wallet. The advantage of this system is that you don’t have to convert your cryptocurrency tokens. You can swipe the TokenCard in store, and the money is immediately conserved. The Ethereum smart contract wallet has all the same security steps as a regular Bitcoin wallet.
The TokenCard features some other bells and whistles not seen elsewhere. It can, naturally, be utilized to purchase items in-store and online, also, to withdraw cash from ATMs. You’re even able to manage your costs by setting your use limitations. These limits can be set up on the smart wallet. You can, for instance, placed a daily restriction for token or fiat cash costs. It’s possible to adjust the quantity and time for the limit according to your particular needs. It’s likewise possible to freeze the card if you lose it, just like with a regular Visa card.
The TokenCard app
The TokenCard comes with a mobile app that is compatible with both iOS and Android. The app is likewise connected to Google Maps, so you can see the physical locations the card has been utilized. You can call TokenCard’s client support using the app.
The TKN token
The native TKN token is utilized to compute how much money you have in your wallet and on your card. TKN charges are charges whenever you swipe your card, similar to a miner’s expense. Holders of TKN tokens will also delight in investors benefits such as making part of the TKN fees other users pay. You can stay up to date on when the TokenCard is released by visiting their site.