Blockchain wallet and payment provider TokenCard (TKN) has announced a partnership with processor Contis in order to issue its TokenCard branded Visa debit cards within the UK and the European Economic Area (EEA).
Announcing the TokenCard Visa Debit card 🚀
Soon™️ Step 2 completed ✅ https://t.co/qnCMAg48KM
— TokenCard (@tokencard_io) January 30, 2019
Card holders will be able to use the card wherever Visa is accepted by converting their Ethereum and other ERC-20 tokens to transact in fiat (GBR and EUR).
Smart Contract Wallet
TokenCard does not take custodial responsibility for digital assets but rather card holders store them in a ERC-20-compliant smart contract wallet, which can then be accessed via its mobile app and then converted to fiat when needed for transactions.
Mel Gelderman, CEO of TokenCard, said “We’re thrilled to be working with Contis and are grateful that they support our mission to realise the value of the merging token economy – putting it into the pockets of those who are passionate about Ethereum and its potential as we are.”
London-based TokenCard launched in a low key ICO in May 2017 and raised around $12.7 million with each TKN costing slightly more than half a dollar.
Currently priced at $0.23, it is active on several exchanges with the majority of TKN trades taking place on Bancor, Bitfinex and HitBTC.
With the recent partnership allowing the company roadmap to proceed to issuing Visa cards, TokenCard are looking to expand their team and calling for applicants to fulfil a number of roles in engineering, community support and security.