The Italian giant TAS Group and the Austrian start-up that has made a name as leading Bitcoin ATM provider are teaming up to deliver a crypto debit card. It will allow clients to quickly and easily exchange from crypto into fiat or vice versa on any Cointed ATM, as well as making payments to selected retailers.
The rampant growth of the digital currency industry together with the increased media attention are clear signs that more and more people are getting involved. Making big money from crypto would be of little use if it can’t be spent. Yet, despite cryptocurrencies’ rising popularity there are very few ways to exchange to fiat and make secure payments.
Why a partnership?
The success of a financial solution depends on two factors: relevance to the client’s needs and reliability in its operation. This explains why a 30+ years of experience company is partnering with a start-up?
TAS Group brings in reliability.
They have vast experience and a developed network of partners. Besides, a crypto debit card needs a placed network to be used. More partners means more places you can use it. In turn, demand for the card grows.
Cointed is responsible for the relevance factor.
As they are already an operating exchange from crypto into fiat money and a leading Bitcoin ATM provider, they know what people need.
Of course, when it comes to money and payments, trust is another huge factor.
TAS Group is an established company with a good track record.
Meanwhile, Cointed is one of the few companies involved in digital currency exchange and mining that is in the process of acquiring a banking license. That makes them a trusted partner in the largely unregulated cryptocurrency market.
The new card is a dual prepaid card that supports both fiat money and bitcoin. It stems from TAS Group’s cashless 3.0 platform and would be produced under a white-label strategy.
Clients can use the card to buy cryptocurrencies and cash in on their gains at all Cointed’s Bitcoin ATM locations. The fiat balance is spendable everywhere in the International Circuit (VISA, MC, Amex and etc.) The card also has a dedicated app.
This card is special. It is the only one that allows bitcoin balance to be charged directly at selected retailers of the joining Acquiring partners. Also, recharging is easy and accessible. It can be done through a mobile app, online or through Cointed ATMs.
Initially, the card will support Bitcoin. But with Cointed supporting numerous others, an inclusion of Ethereum, Litecoin, Monero, and Ripple is possible in the future.
Besides, TAS Group and Cointed know that crypto users form an international community. That’s why their card will have FREE international delivery!
Cointed will be giving away crypto debit cards to those who participate in their ICO campaign until December 14th.
Get more information here and also make sure to follow the latest Bitcoin News.
Founded in 2015 by Wolfgang Thaler and Christopher Rieder, Cointed provides their clients with easy and simple access to cryptocurrencies. In less than two years, they have turned their start-up into Europe’s leading player in the digital currency industry.
Their services include an online exchange, bitcoin ATMs and payment solutions for retailers of any size.
About TAS Group
TAS Group provides software solutions for e-money, payment systems, and capital markets. Their products create a seamless customer experience when dealing with financial intermediaries.
Trusted by European Central Banks and US institutions alike, TAS Group is a preferred partner in the finance industry.
Images courtesy of Cointed