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Stake TERN on BlockCard For The Best Crypto Debit Card 

Cryptocurrency Debit Cards are growing in popularity.  Companies like BitPay, Wirex, and Ternio offer cards to crypto holders today, while companies like Binance and BlockFi are working on releasing

The post Stake TERN on BlockCard For The Best Crypto Debit Card  appeared first on AMBCrypto.

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Cryptocurrency Debit Cards are growing in popularity.  Companies like BitPay, Wirex, and Ternio offer cards to crypto holders today, while companies like Binance and BlockFi are working on releasing their own.  This new breed of “Crypto Cards” offers convenience and accessibility for the cardholder, plus are often cheaper for the consumer when needing to convert to FIAT currencies. 

Merchants also benefit by not having to accept cryptocurrencies with high volatility, but rather collect FIAT through leveraging the existing VISA or MasterCard payment systems. 

The BlockCard is one of the most feature robust and versatile crypto debit cards on the market.  It is made by US-based company Ternio.  BlockCard offers a number of interesting features, from the user onboarding process to functionality on the card.   Consumer experience is very important as users want 

Unique BlockCard Features:

    1. Instant Signup Approval.  Most crypto cards require the user to pass KYC review and BlockCard is no different, but there is no waiting for approval.   You can have a virtual card in just a few minutes if you are approved.
    2. Two unique cards.  Users get a virtual BlockCard upon approval, but also get a plastic card mailed to their house.  All users get 2 cards and each has its own card number.
    3. Mobile Pay.  Sync BlockCard with Apple, Google, or Samsung pay to use with your mobile phone or smartwatch.
    4. Cash to Crypto.  Users can go to national retailers like Walmart or CVS to deposit cash directly onto their BlockCard to get cash into crypto. 
    5. The Best Rewards Program.  The BlockCard rewards program wins.   It offers unlimited 6.38% crypto back on all merchant spending.  The most rewards on the market. 

TERN Staking for Crypto Back Rewards:

The BlockCard rewards program is the most generous on the market at up to 6.38% crypto back rewards.  Rewards programs are not new, but most have limits on the number of rewards a consumer can earn are often restricted to total dollar amounts or certain categories.  BlockCard enables users to earn crypto back rewards by staking TERN.   Users can earn 1% back by staking 30,000 TERN all the way up to 6% back by staking 145,000 TERN.

Source: BlockCard

BlockCard spenders also earn rewards on the rewards they already earned.  This is how you are able to earn an additional 0.38% back.  TERN can be spent just like FIAT on BlockCard and there is no conversion process required to get these benefits.  If you spend $1,000 a month on BlockCard, you would get back $63.80.   Over the course of a year, that’s $765.60 just for using BlockCard.  

BlockCard Public Opinion:

Reviews on BlockCard have been mainly positive from crypto debit card review sites, to social media, and consumer review.  User “Walter” on TrustPilot said BlockCard was “The Best Bitcoin Debit Card you can get.”  Most users liked the convenience of the card, great rewards, and low fees.  A positive customer service experience was something that appeared often as well. 

Source: BlockCard

However, not all feedback was positive.  Some criticisms of BlockCard include:

  1. No mobile application for iOS or Android
  2. No metal card offering.  Only plastic or virtual is available 
  3. No availability outside of the United States. 
  4. User balances can fluctuate with the crypto market. 

A stable-coin option for users would be a great addition to BlockCard.   While BlockCard is a great use for the TERN currency, some users may prefer to avoid crypto price speculation and keep assets in the non-fluctuating currency for their everyday spending.   

Conclusion:

Ternio has produced one of the best crypto debit cards on the market with its BlockCard.   Between robust features, versatile functionality, and a generous rewards program, BlockCard is a solid choice for any crypto holder looking for a way to spend their cryptocurrency.   Consumer reviews on BlockCard are ultimately positive, but it would be nice to see additional options like to see a stable-coin option for users to spend.   Staking TERN and benefiting from the 6.38% crypto-back rewards is something all BlockCard holders should do.  

You can sign up for BlockCard at GetBlockCard.com 

Disclaimer: This is a paid post and should not be considered as news/advice.

Source: https://ambcrypto.com/stake-tern-on-blockcard-for-the-best-crypto-debit-card

Blockchain

Da Vinci Capital Reportedly Requests $100 Million from Telegram for TON’s Failure

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A large investor in Telegram’s failed Open Network (TON) has reportedly requested $100 million in compensation from the company. Otherwise, the investor – Da Vinci Capital – has warned with taking legal actions against the messaging platform.

TON Investor Demands $100M

Telegram’s TON initiative was among the most widely-discussed blockchain-related projects in the past few years. However, the endeavor faced almost immediate backlash from the US Securities and Exchange Commission (SEC) as a US court decided at one point that the native currency – GRAMS – is a security token, which couldn’t be sold in the US or anywhere else.

Telegram attempted on multiple occasions to fight the court’s decision and to prove that GRAMS is not a security. However, to no avail and Pavel Durov, the company’s CEO ultimately had to throw the towel by saying that “Telegram’s active involvement with TON is over.”

Although the company has distanced itself from the failed blockchain project, the problems keep following it, according to a recent report by Forbes Russia. Citing anonymous people familiar with the matter, the coverage said that Da Vinci Capital, an investor in the $1.7 billion initial coin offering, has requested compensation for TON’s failure.

Lawyers from the Moscow-based investment company have reportedly sent a letter of intent to file a claim to Durov, Telegram Vice President Ilya Perekopsky, and other executives and lawyers involved with the project.
The report says that Da Vinci Capital had demanded roughly $100 million as compensation.

Two Weeks to Answer

Forbes’ coverage further explained that Durov and his colleagues have two weeks to transfer the funds or notify the lawyers from the investment company if they decide to reject it.

However, if Telegram fails to answer in the provided timeframe, Da Vinci Capital has the right to take the matter to court.

Apart from these allegations, Telegram recently negotiated funding round to raise at least $1 billion in a private bond placement to accredited investors from Russia, Europe, the Middle East, and Asia. Those bondholders would be able to convert debt into shares at a 10% discount to the offering price if Telegram decides to go public in the next five years, revealed the conditions of the round.

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Source: https://cryptopotato.com/da-vinci-capital-reportedly-requests-100-million-from-telegram-for-tons-failure/

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ChiliZ To Expand Operations, Will Invest $50 Million in the US

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Following milestone partnerships with sports teams in Europe, ChiliZ have their eyes set on conquering the United States. The fintech platform will open a new office in one of the world’s major commercial cities, New York.

ChiliZ To Set Up New York Office

Maltese blockchain giant, ChiliZ is scaling up operations after securing several partnerships with top European sports franchises. Reuters reported earlier today that the fan engagement platform would open an office and invest $50 million in the United States. According to its chief executive, Alexandre Dreyfus, the move should bring the firm within reach of top United States sports outfits. He told Reuters :

“A huge focal point for us in our global growth plans is the U.S.. That’s why we’re opening a New York office and investing $50 million into the country’s sports industry in order to launch Fan Tokens with leading franchises from the five major U.S. sports leagues”

On launching Fan tokens, ChiliZ has made headway through its subsidiary, Socios. It has partnered with football behemoths like FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, and Atlético de Madrid to launch branded fan tokens. These permit owners to engage in club polls, access VIP rewards, and partake in chat forums.

The company currently has offices in Malta, France, Turkey, Korea, Switzerland, and South America. It had earlier announced that it would open offices in New York and Madrid. With the New York office inching towards reality, Chiliz is undoubtedly advancing towards global growth.

Aims To Double Up on 2020 Revenue

Speaking further about the expansion, Dreyfus boasted about his company’s capacity to generate returns for its partners in the sports and entertainment industry. He said:

“We head to the U.S. with a proven track record in generating millions of dollars of revenue for some of Europe’s biggest sporting organisations. In 2020, we shared more than $30 million with our partners, but this year we’re targeting a minimum of $60 million.”

Revenue from the company’s partnership with seven-time European champions AC Milan proves Dreyfus is not bluffing. The Italian football giant launched its token ($ACM) on Binance on February 24th. Within hours of the launch, over $6 million was generated as trading volume hit $50 million in the first 30 minutes.

Big Market For ChiliZ?

For Joseph Edwards, Enigma Securities head of researcher, there is no better time to seize the initiative. He opined that the soaring interest in NFTs indicates a big market. He elaborated further that NFTs bridge the gap between fans and their subject of interest, especially as Covid-19 caused a disconnection.

“Fan tokens right now are just hitting the perfect itch at the perfect time – fans are disconnected physically from their fandom, and this helps bridge that gap,”

NBA Top Shots seems to be a perfect example. The NFT platform has continued to gain momentum as interest surges. It reached a record-breaking $231 million in sales over the past 30 days.  Perhaps, ChiliZ is taking a cue from this to target the American sports market.

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Source: https://cryptopotato.com/chiliz-to-expand-operations-will-invest-50-million-in-the-us/

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Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

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BCB Group, a crypto payment/trading services provider, today announced it has closed a $4.5 million investment round. The strategic funding was co-led by North Island Ventures and Blockchain.com Ventures; with participation from Pantera, L1 Digital, and Pack Capital.

As a dual regulated institution, BCB Group offers an end-to-end suite of payment processing, cryptocurrency trading, and custody. Services are accessible through a unified API-enabled platform; allowing clients to access a full range of crypto-asset products in one place.

Funding

The proceeds of the round will be used to fund investments in several new initiatives…

These initiatives include: BCB Treasury, a service designed to help companies interested in investing in bitcoin as a treasury asset. BCB Yield Accounts, a product offering clients a return on their positions. And BCB Wealth Partners, a comprehensive crypto service for private wealth clients.

“There’s so much more we want to offer our clients; and many untapped regions we’d like to be in to help those markets grow via reliable payments and market infrastructure. This funding round comes at a very exciting time for BCB Group and will be transformative for our client experience.”
– BCB Group Founder and CEO, Oliver von Landsberg-Sadie

Previously, back in March 2019, BCB Group received funding from NKB Finance and a private investor in a $1 million seed round; which brought the company much-needed talent in engineering and operations.

Source: bcbgroup.io

Source: https://www.cryptoninjas.net/2021/03/02/crypto-services-firm-bcb-group-raises-4-5m-led-by-north-island-ventures-and-blockchain-com-ventures/

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