The Litecoin Foundation has announced a new debit card. The soon-to-be-released, special edition card will enable users to spend their cryptocurrency either online or in physical store locations, anywhere in the world where major credit cards are accepted. The card will support Litecoin (LTC), Bibox Token (BIX) and Ternio (TERN).
The special edition Litecoin BlockCard is a collaborative effort by three crypto companies: Litecoin, Bibox Exchange and Ternio. It’s developed for everyday shoppers and spenders who want to use crypto like cash.
According to the announcement, US-based users will be the first customers and Bibox Exchange will act as the custodian of users’ funds, leveraging its $200+ million worth of crypto trading volume to help route the deposits and spending for users.