Etherecash is Likely to Turn the Game with their Multicrypto Debit Card
It hasn’t been quite long since Etherecash’s blockchain based payment platform started gaining enormous attention and market cap. Over the last few weeks, Etherecash has been quite the hot news of the cryptocurrency market. And what’s not to appreciate? The brilliant inclusion of a lawyer backed smart contracts system along with an innovative crypto-backed lending system does call for all the attention. All this wasn’t enough, because of which the Etherecash team is now soon coming up with an all-new Multicrypto Debit Card which is going to be a head turner and that too, majorly.
There has been nothing like it before. The Etherecash’s Multicrypto Debit Card being only the one of a kind, would allow the users to own multiple types of ERC20 tokens on a single card which would be very easy to use. A multi crypto debit card will automatically increase the chances of cryptocurrency uses for everyday finances, all thanks to how easy and effective it would be to use. It would easily allow its holders access to goods and services not only online, but at a store too. Not only that, it could also be used in making ATM withdrawals in one’s local currency with zero conversion charges.
Crypto Debit Card: Because Ease of Access is Foremost
People have been struggling for a long time in managing their crypto-coins in a number of digital wallets over the internet. Not being able to keep them all in one place, the cashing out these coins was a next major concern. It has been very inconvenient to most users to cash out their assets and converting them into their local currencies.
This caused investors to avoid spending their cryptocurrencies. This clearly rang a bell over the Etherecash team and they couldn’t see their Ethereum blockchain falling back as a result of such setbacks in convenience and ease of use. The three best operations viz. lend, send and, spending had to be made easier to motivate investors to give in to them without a second thought. Along came the beaming solution: a Multicrypto Debit Card.
This Multicrypto Debit Card came in as a solution for the two major problems at a single time. It clearly made the holdings across multiple ERC20 tokens easier and simplified the cryptocurrency-cash conversion process to easily make payments as well as withdrawals. It was all aimed at improving the user experience and that it all what it is about.
This is how you would go about it
First of all, an Etherecash Debit Card would not involve any bank account for its use. Also, the fees would be quite low in comparison to the traditional cards.
This is how it will go. Users shall first be required to apply for a Multicrypto debit card. This would be sent to their address. After receiving the card, the user can now load their Etherecash and other ERC20 tokens on the card. Users can also pick an auto top-up option which would always maintain a minimum balance on their card. Users must then set a secure PIN and are good to go to make payments and withdraw cash like a traditional ATM card.
The cardholders can choose the ERC20 token they are willing to spend before the transaction is made. This would help them in managing their assets in a more transparent manner. All the monitoring of spending and cash transfers can be checked through a mobile app.
With all that in line, the Etherecash’s Multicrypto Debit Card is right there to provide great financial flexibility with the comfort of an easy to handle the card.
The Final Verdict
To get Etherecash become a medium of the everyday financial transaction rather than just a cryptocurrency investment asset, the Etherecash’s Multicrypto Debit Card would surely do its job to the best of the expectations. As easy as it is to notice that this debit card would surely take up the value of Etherecash tokens, it could turn the boundaries at how people look at managing their financial game without the imposition of any restrictions, unlike the banks.
We can also see how the Etherecash’s Debit Card would go about changing the experiences of international travel with eliminated international charges and no local currency conversions. Though, these are all just the beginnings.