Hopefully, this is a step in a direction where more services are catered to the altcoin market, and the entire digital currency market expands in kind, which should keep more investment funds in the greater decentralized digital currency community.
As we have discussed previously at Cointelegraph, there are multiple Bitcoin debit card options on the market, some better than others, depending upon your location and economic needs. However, the altcoin market, whose combined value reaches into the blns of USD worth, has not reached this level of mainstream sophistication. That is until now.
The main benefits of the Uquid card includes no identification or credit check required, instant issuance and free worldwide delivery, unlimited card support and zero percent point-of-sale fees. Customers can also get virtual cards denominated in GBP, EUR or USD. Debit cards come with AVS matching and the Uquid card can also be reloaded from any payment processor worldwide.
Uquid’s instant, non-reversible transactions may make life easier for freelancers, gamblers, general shoppers and, of course, altcoin miners. With Uquid’s worldwide network of local exchange partners, there’s always a way to use your digital and national currencies, whichever is more convenient for you to use.
“Firstly, the customer would need to make a deposit to their Uquid account balance using altcoin - at the moment we do not yet offer support for wallets, therefore, their coin will instantly convert to fiat money in USD, EUR or GBP. After making a deposit with an altcoin, customers can get an instant virtual debit card from their account or order a plastic card with free delivery to over 170 countries. The cost for the virtual card is only $1 or €1 or £1.”
“The goals of the Uquid altcoin card is to help altcoin users turn their coin into cash and use services instantly,” said Tran Hung, founder and CEO of Uquid, to Cointelegraph. “This is a part of Uquid's goal, which brings all crypto people closer and faster with real shopping products and services. This is included in our plan to integrate Uquid into real shops, where customers can make an instant payment with altcoins.”
Uquid users can also instantly recharge any mobile phone number in 150 countries. A Uquid-only feature allows users to customize the name and phone number receivers see, as well as personal messages. Over 600 mobile operators worldwide accept these services. I asked Mr. Tran how the actual set-up of the card would take place.
Altcoin fans can now use their favorite cryptocurrencies to load a virtual VISA card, thanks to Uquid. In a world first, users can spend using over 40 different cryptocurrencies on mobile top-ups, bill payments, pharmacy and food vouchers, transportation tickets, wi-fi recharges and PIN-less calls.
Uquid’s Visa debit card is also the first in the world to offer unlimited loading and spending without ID verification. On top of that, users can load cards with a huge selection of the most popular altcoins, including Ethereum, Ripple, Litecoin, Monero, Dash, Augur, MaidSafeCoin, Steem, Dogecoin and more.
There’s a lot more to payments than just cards and mobiles, though. For example, Uquid covers all kinds of daily spending necessities for a range of essential goods and services. These include grocery and pharmacy vouchers, instant payments, bill payments, PIN-less phone calls for U.S. customers and other bundled services.
NEOUSD, DASHUSD AND IOTUSD SET PACE AS USD BULLS TAKE OVER
Depending on your perspective, this recent NEOUSD bear run is just the second wave of a larger NEO depreciation. Pasting a Fibonacci retracement tool from 15.09.2017 lows of $13 and 14.08.2017 highs
Anonymous Storage Ledger Aims to Disrupt Online Advertisement Industry
The internet has improved by leaps and bounds since its invention almost 30 years ago. Subsequently, websites have evolved drastically from simple text files to complex content delivery platforms
Cointed: Bridging the Gap between Crypto and the Real World
We all know that cryptocurrency is the way of the future.Â Plenty of online businesses and companies accepts and deal in crypto and its popularity is increasing every day.Â However, the main
LedgerX Trades $1 Million in Bitcoin Derivatives in First Week
The first regulated cryptocurrency derivative trades have taken place on a U.S. exchange.
In a statement to the press today, bitcoin trading platform LedgerX confirmed rumors that it has already be
BlackRock Strategist: There's No 'Right or Wrong' Price for Bitcoin
The chief investment strategist for BlackRock, the world's largest asset manager, said in a new interview that he doesn't know where to peg the "fair" price of bitcoin.
Speaking with Business Insid
BitMEX Clarifies Position on Bitcoin Hard Forks With SegWit2x Looming
BitMEX, a cryptocurrency exchange, has clarified its position on hard forks considering the pending SegWit2x hard fork in November. The SegWit2x hard fork is intended to provide a minimal patch to res
TSMC: Cryptocurrency Mining Drove Strong Third Quarter Revenue
The chief financial officer for the Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest independent semiconductor foundry, cited cryptocurrency mining in the firm's third-quarter re
Tezos Derivatives Crashes Amid Management Infighting after $232 Million ICO
The price of Tezos derivatives has crashed on multiple exchanges following the revelation of infighting between the platform’s developers and the independently-operated Tezos Foundation.