Digits.io, which makes existing debit or credit card compatible with crypto money has launched its core technology.
Through its new technology, the company intends to bridge the gap between complex crypto transactions that take days for settlements and easy to use regular credit cards.
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When consumers use their card at merchants that have signed up to the Digits platform, the technology will turn any card into a crypto card.
Cryptocurrency is a hot topic across the financial industry. Governments, banks and several sectors are all looking into how it can be used securely.
Digits crypto currencies
The new product is available at digits.io.
Apart from launching new product, the company has also released its API which enables any merchant to integrate into the digits platform.
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By GlobalDataThe company in its press statement also noted that it will also build “plug ins” for known ecommerce platforms such as BigCommerce.
In June last year, the company partnered with RenGen Labs to raise $50m for its Pre-ICO. RenGen Labs is a financial services firm that invests in promising blockchain technology firms in their early stages.
Digits’ team of founders and advisors include innovators such as Ben Way and Laura Wagner. Its board includes advisors from brands like Apple, Visa, PayPal, and Shark Tank.
