Mommin' It Monday Episode 15 Crypto News

We are total goofballs! On this episode Lisa and I talked a good half an hour before realizing we were not live and not recording. Yep, we both have a case of Mondays, or better, a case of Mommin' It Monday. We apologize to everyone who was waiting for us and we are so glad we caught YOU half way there. We still managed to talk about few interesting topics that discussed by major crypto news publications. Below are some of the headlines we busted thru in an half an hour.1. US Lawmakers Set to Vote on Two Blockchain and Cryptocurrency Proposals by Dailyhold2. Coinbase CEO renews critique of Apple, says tech giant preventing its app from enabling DeFi access by theBlockCrypto
3. Apple forces Coinbase to change its crypto products, says CEO by Cointelegraph
4. The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning by Cointelegraph
And more! It is a packed 30 minutes.
Hope you get a chance to watch and catch up with some of the latest crypto news topics. I feel like…

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 in the crypto realm 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.

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