View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
April 9, 2019

iBank launches Cao Jun designed digital gift card

Canada-based iBank Digital has collaborated with artist Cao Jun to launch limited edition digital gift cards.

Dubbed, iBank XPass the card was designed by a Chinese Artist called Jun. Living in the US, Jun was hired by iBank Digital and Art Impact Foundation to develop the limited edition of 10,000 digital gift cards.

The designs of the card are based on three of Jun’s paintings. These are ‘Purple Pavilion and Cyan Cloud’, ‘Once in a Millennium’ and ‘Spring’s News’. Furthermore, Pundi X and IOST Blockchain power the designs.

The newly launched crypto debit card can be used in over 25 countries. These include the US, the UK, Spain, Singapore, Canada, Germany, South Korea, Switzerland, Taiwan and also Australia.

iBank Digital managing director David Yoo said: “We are very excited to announce this collaboration in the blockchain space with the renowned artist Cao Jun.

“This partnership signifies a major movement into the world of distributed ledger technology for the fine arts industry and an acceptance by the market that ownership of rare collectibles can be represented and transacted via blockchain technology.”

An initial pre-release of 4,000 limited editions of these cards will be available during Consensus Week 2019 in New York.

iBank Digital will also donate 1000 gift cards to Cao Jun’s art fans.

Concurrently, iBank Digital also launched a blockchain platform to collateralise rare collectibles onto the IOST blockchain.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU