British blockchain startup Exscudo is set to launch a new debit card.
The company claims the card will offer higher cashback than any European bank.
Within Europe, the Exscudo card will provide customers cashback of 0.1% for all payments. Additionally, it will deliver up to 0.2% on payments made outside of European countries.
The new debit card will offer customers up to 10% cashback on select offers. This is irrespective of the country.
The card will initially support EON , EUR and BTC. The support for EHT, BCH, ETC, XRP, QTUM, and LTC has already been planned and will be added after the current launch.
The card will allow users to top-up the balance and withdraw both fiat and cryptocurrencies.
Furthermore, card users will be able to exchange any currency directly. Users will be able to do this without having to pay any additional exchange fees in the process.
The card will be linked to financial app Channels to enable users make banking operations.
The card will become part of the company’s ecosystem which comprises Exscudo Exchange, Channels wallet and messenger app and Exscudo Merchant.In a press statement, the company said: “All products combined together promise to create a financial management ecosystem that simply cannot be rivaled by any existing banks, providing never-before-seen levels of privacy, protection, and convenience.
“This very well may be the next big step in the financial revolution started all the way back in 2009 by Bitcoin itself. Very soon we might witness the banks being entirely replaced by a blockchain ecosystem.”