Use your TELOS on real-world goods and services
After a long process and work in conjunction with the innovative minds and hard-working developers from the Polis project, we are glad to announce the inclusion of Telos to the PolisPay payment platform.
Even as cryptocurrency and its community of users have experienced major growth in popularity and use, liquidity remains a major challenge for the whole industry, hindering its mass adoption and its integration into ordinary life.
Telos has always pushed towards innovation and cryptocurrency adoption, contributing new technologies that mainly focus on providing an open-source, decentralised blockchain with existing services as like AmiCloud and the indieGO-Appstore for its users. We have found great potential in the PolisPay project, and we believe this breakthrough will have a profound impact on Telos users and the whole crypto community.
The PolisPay Platform
The PolisPay concept was proposed in 2017, with the goal of bringing real-world use cases to cryptocurrencies. This would be done through the implementation of a series of features that would enable our users to spend their digital assets on real-world goods and services.
We are able to make our vision through the PolisPay app, which is a multi-currency non-custodial wallet with features intended to bridge the non-crypto world to the crypto future.
One of those features is the Epay Mastercard® card, which is a card that you can top-up from within the app itself, using your Telos.
We also have the feature of gift cards, which enables you to use your cryptocurrencies in the real world goods and services. We support over 30+ countries for this feature and a low fee.
Also, with the Shift feature, you can instantly convert your Telos to other cryptocurrencies from within your light wallet.
When we say that this version of the PolisPay app is the most secure ever, we really mean it, especially now that we have implemented Trezor support. Desktop users can now save their crypto assets in the safest way possible via Trezor hardware wallets.
The implementation of these features allows us to further integrate the use of digital currencies into people’s daily expenses, narrowing the barrier between their digital assets and real-world items.
Epay Mastercard® card
Part of the new features introduced on PolisPay comes a new way for our users to use their Telos to buy real-world goods and services, with a card that is accepted almost anywhere in the world.
It consists of a prepaid Mastercard® card, that can be recharged via the new feature of the PolisPay app: The gift cards.
The epay card is a prepaid card that is managed on a prepaid basis. You can use your card to pay almost everywhere where MasterCard® is accepted. Once the card is activated and topped up, you can use it worldwide: For online shopping, to pay in shops or to withdraw cash from an ATM.
The epay card Prepaid Mastercard® is embossed and does not feature a name on the card. This enables you to pay anonymously online and offline up to €100. Should you wish to spend more, you can identify yourself within minutes using the Bitcou video identification procedure and thus immediately increase your monthly limit to €4,000 (annually: €36,000).
The card can be ordered through Bitcou GmbH. The recharge is then possible via gift card through the Polispay App in €100, €50 and €25. For the shipping of a single card and activation, Bitcou charges €20. PolisPay is the first app in the world where you can load the card with crypto.
The epay cards will be available for the following countries:
Germany, Austria, Belgium, Bosnia Herzegovina, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hungary, Ireland, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Switzerland, Slovakia, Slovenia, Spain, and United Kingdom.
You can start to order the card by clicking here.
The new Union Pay card
As part of our goal of implementing a debit card couple that would allow any user to spend Telos as easily as you would using fiat currency, we started negotiations with card provider Union Pay, who opened up the possibility of using their cards within our app.
That is why we have finalized the process of negotiation and will begin the new process of developing the integration of prepaid Union Pay cards to the PolisPay app. Users will soon be able to use a debit card to spend their Telos on real-world goods and services.
The process works in a way that merchants get paid in their own currency while you are charged in Telos from your prepaid balance. This guarantees that users will be able to pay for things, in establishments where cryptocurrencies are not fully adopted yet. Soon you will be spending your Telos everywhere!
Rejoice, TELOS community!
We firmly believe the addition of Telos to the PolisPay Project will result in a major improvement for all of our users, who will now gain the ability to store, build and manage their assets freely, and most importantly in a secure way.
Get Started!
As of right now, PolisPay is in at an Open Beta stage, and currently accepting applicants to test their services.
You can download PolisPay here:
https://polispay.com/downloads
Conclusion
Cryptocurrency has helped solve a myriad of problems associated with financial inclusion, our mission at PolisPay is to bridge the current world, with the future, where cryptocurrencies will be accepted worldwide. We achieve this mission by creating services such as our debit cards, gift cards, shift and an incredible UX for your financial needs.
