Project title: The Company Name is Ternio and the product is a wallet/VISA card.
Summary: Ternio's Payment Card Platform [BlockCard] supports multiple coins and is the only company enabling users to hold crypto until the point of sale. Other cards take a user’s crypto, converts to FIAT, and places the USD value on a card which is the equivalent of buying a gift card. https://getblockcard.com/
Goals: The BlockCard currently works worldwide and can be used by United States residents. We will be expanding to 26 European countries in Q4 2019. Ternio wants to scale the program globally so users in all countries can use BlockCard.
Description: Ternio's BlockCard operates on the VISA payment network for United States residents. BlockCard accounts support multiple cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), BitcoinCash (BCH), Litecoin (LTC), Stellar Lumens (XLM), Basic Attention Token (BAT), Ternio (TERN) as well as most stable tokens. Users holding those cryptocurrencies can deposit them in their BlockCard account. Users are then able to spend their funds anywhere in the world VISA is accepted.
BlockCard uses TERN as the default spending mechanism on BlockCard. TERN is an XLM based asset: https://stellar.expert/explorer/public/asset/TERN-GDGQDVO6XPFSY4NMX75A7AOVYCF5JYGW2SHCJJNWCQWIDGOZB53DGP6C
This means all BTC, ETH, etc. deposits are converted to TERN as a buy order on the Stellar Decentralized Exchange (SDEX), bringing more asset holders to the Stellar ecosystem.
Ternio is also working with other companies to use the BlockCard platform for their own currencies. This means the Stellar Development Foundation could release a "Stellar Card" that uses XLM (instead of TERN) as the spendable digital asset. We have already done deals like this - the most notable being with Litecoin Foundation and BiBox: https://litecoin-foundation.org/the-litecoin-foundation-teams-up-with-bibox-and-ternio-on-special-edition-litecoin-blockcard/
BlockCard already works as a FIAT off-ramp for users. They can spend crypto anywhere VISA is accepted or go to an ATM to withdraw. We are also in process of building a FIAT on-ramp that will enable consumers to link their bank accounts directly to the BlockCard platform to purchase crypto. 😎
(Company) Ternio Website: https://ternio.io/
(Product) BlockCard Website: https://getblockcard.com/
BlockCard Being Used at Starbucks:
BlockCard Account Demo:
Our mission is to bring the next 200 million people across the world into crypto. To do that, we need to make the process of buying, holding, and using crypto much more convenient for the general consumer. We look forward to your questions and appreciate your support! Please give us a vote 👍