Governments and financial institutions around the world are beginning to seriously look into how they can implement blockchain technology and move into the cryptocurrency space. Whilst it is still not possible to pay with Bitcoin in your local supermarket, it is not far from being a reality. You can find the odd Bitcoin ATM here and there, but no one really flashes a Bitcoin credit card in stores. This is not for lack of trying, however. Many developers have attempted to create a cryptocurrency card that people can use, but so far no one has been able to make it a reality… until now.
What is HashCard?
The HashCard is a payment card that can be used anywhere traditional debit and credit cards are being accepted. Holders can pay with it online and in physical stores. The only difference is that the cardholder is spending Ether coins, Bitcoins, or any of the other over 25 altcoins supported by HashCard. When a transaction is made, the exact amount is exchanged from cryptocurrency so the merchant is being paid in fiat money. Owners of a HashCard are also able to exchange money at regular exchange rates on their smartphone or tablet with the accompanying HashCard app. As with a regular banking app, HashCard also allows users to instantly transfer money between each other’s account.
How does it work?
The HashCard and wallet is currently in the beta stage of development and will be released alongside the public token sale. However, only the first 3000 subscribers are able to get their hands on a HashCard. If you don’t make it, don’t worry. Every two weeks, new HashCards will be issued. To sign up, all you need to do is visit the HashCard website and complete a simple onboarding process. Once this has been completed, the HashCard will be issued to you for free. You will be able to use it with over 30 million merchants all over the world, so it doesn’t matter where you are located. The best part is that you will get interbank exchange rates but won’t have to pay any additional fees when making an exchange. This means a whooping 7% saving for you compared to if you were using a regular bank exchange.
What does the future hold?
The team behind HashCard have a lot of plans in store for the future. Among these are to release multiple versions of the HashCard, including Gold, Platinum, and Black. These cards will have lower transaction fees than the standard HashCard. The development team is also conducting research on the financial markets in order to devise a strategy for moving ahead with the project in the future. Check out their website below to sign up for your very own HashCard and follow the exciting developments!
PRICE: 1 HSHC = 0.10 USD
ACCEPTING: ETH, BTC
SOFT CAP: 3,000,000 USD
HARD CAP: 9,000,000 USD
COUNTRY: Hong Kong
RESTRICTED AREAS: USA, Japan, Hong Kong, China
Visit the website HERE
Read the white paper HERE