Mommin' It Monday - Stream 23 - Crypto News Nov 30th, 2020

Today our Mommin' It Monday's episode coincided with Cyber Monday. How exciting is that! To celebrate I am offering today up to 60% Off T-Shirts, Business Cards, Tote Bags & other items in my Crypto Swap Shop with coupon code  CYBERMONDEAL.  Follow this link directly to store and check out my crypto designs. I made sure that you will find something special and unique for everyone! Also, the products in my store can be customized with your name, your socia media handle, a personal message or even a picture. Zazzle is SUPER COOL and makes shopping really fun! Hope you enjoyed the little correction the crypto markets experienced over the last few days. If you had set buys it was certainly the right time despite the height. Today it is clear that Bitcoin and altcoins decided to keep on moving up and while they do we watch the market attentively as we receive updates on a variety of topics. And most importantly share the most relevant ones on our weekly Mommin' It Monday&#

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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