Litecoin (LTC), BiBox and Terino team up to release special edition Debit Card
Litecoin Foundation has teamed up with cryptocurrency exchange Bibox and enterprise blockchain solution provider Ternio to release a special debit card. The soon to be released debit card will allow users to pay through Litecoin and Bibox tokens with any merchant that supports credit/debit cards.
The new debit card is built on top the BlockCard technology by Ternio. Users can deposit any cryptocurrency and store their spendable value in Litecoin, Bibox Token or Ternio token to spend it through the debit card.
The card will initially be released for the US and then for the non-US residents. In this partnership, Bibox exchange will be acting as the custodian of funds. Bibox exchange will be leveraging it’s $200 million trading volume to route the deposits and spending of the users.
“This is an exciting partnership for us as it furthers Litecoin Foundation’s mission to create more use cases for spending Litecoin in everyday life.”, says Charlie Lee the creator of Litecoin and Managing Director of Litecoin foundation.
“Bibox has always positioned ourselves as being on the forefront of crypto adoption,” said Aries Wang, Co-Founder of Bibox. “By partnering with The Litecoin Foundation and Ternio wearable to leverage Bibox’s robust exchange platform to help bring consumers more options to spend cryptocurrency with unprecedented ease.”
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