Mommin' It Mondays Catch up

Another catch up episode of our Mommin' It Mondays show. This episode was Livestreamed on  June 7th right after we came back from the Bitcoin conference 2021. We were exhausted then but happy to share with you some exciting moments we experienced in the largest crypto conference that ever took place. Since then the crypto market scenario has changed quite a lot so be sure to catch up with the series of Mommin" It Mondays episodes that I will be posting on the blog this week. Catch up time baby! Let's Roll. All my best Michelle M www.mammycrypto.com Social Media links:  https://cointr.ee/mammycrypto

Litecoin announces the release of a debit card - Blockcard Supports LTC, BTC, ETH and More


The Litecoin Foundation announced recently the release of its much anticipated project, the Blockcard debit card.  The debit card will enable Litecoin holders to load their Visa Blockcard with Litecoin and spend their Litecoin assets as cash anywhere Visa is accepted. A technology that bridges a gap between commerce and a new age of global consumers spending digital cash. 

The Litecoin Foundation teamed up with Ternio, crypto credit card provider and Bibox exchange to create a seamless experience for the end consumer when using the Crypto Debit cards. Together they are able to provide a technology that protects the store owner from market volatility. while at the same time, makes it practical for the consumer to spend their crypto assets. The client now is able to load the (Ternio Blockcard) card with Litecoin (LTC), Ternio (TERN), Bitcoin (BTC), Ethereum (ETH) and more. At point of sale the cryptocurrency gets converted into cash. All, possible by the integration with  BiBox exchange that automatically converts the Litecoin into cash as soon as the card is swiped by the client. 

Although this technology is quite advanced remember that it is possible to save more when you do transact directly using Litecoin itself. Companies can now set up and install complete payment systems into their online and physical stores, minimizing their merchant fees. Few merchant solutions for crypto available are: Coinbase Commerce, BitPay, Alliant and Nationwide. Also consumers can download wallets directly into their phone and spend cryptocurrencies using their QR code or crypto wallet address. The official Litecoin wallet is named Loaf Wallet and can be downloaded directly from the Litecoin Foundation web site. There are also multi-currency wallets available that support Litecoin and thousands of other currencies available in the market today. It is important to get educated on all the security steps prior to downloading and using the technology to guarantee the safety of funds.

Final note

The Blockcard release is certainly great news for Litecoin and the Litecoin community. It will enable Litecoin users to spend their Litecoin assets as cash in all business Visa is accepted. I personally believe mass adoption of cryptocurrencies will move in a much faster pace as the prospect of this idea come to life. As regulators adjust to the news I also believe other cryptocurrencies will jump into the idea and possibly launch their own debit cards or join in Blockcard as they gain market share as spendable assets. 


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Comments

Unknown said…
Yeah but how are taxes going to work?
I know there's a sales tax but how are we going to figure out how to pay taxes on profit?

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Disclaimer

My opinions are simply my opinions and not investment advice. I strongly recommend everyone investing or looking to earn or acquire cryptocurrencies to do their own research and get very educated about risks and security before acquiring, earning or investing. The content in this blog/ website is not investment advice. Please note that this web site also features sponsored content and referral affiliate links. Which means that when you click on some links and sign up for a product or service I may receive I small commission or credit for the referral. Most the the links also will give you an invite incentive that most often you would not receive if you do not use a referral invite link.

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