London-based banking alternative Monolith announced its partnership with decentralized finance companies Digix and MakerDAO, Aug. 15.
As part of its drive for digital payment adoption in e-commerce, DGX, DGD and DAI tokens will now be loadable onto the Monolith Visa debit card.
The currencies can then be used for everyday purchases, bill payments and to send and receive money.
"Monolith's solution provides a powerful way for token holders to extend the usefulness of their crypto-holdings. Their cards create a critical bridge from the world of DeFi to the more traditional world of retail."
Rebrand marks the end of beta, and ramping up for growthIf this seems like deja vu, it may be because Cointelegraph reported a similar story almost two and a half years ago.
Back then Monolith announced a partnership with Digix on the launch of the TokenCard Visa debit card.
That has now been re-labeled an extended beta test and the card has changed names to the Monolith Visa debit card.
"We're thrilled to have had a fantastic response from our beta users and are now ramping up for growth. Rebranding to Monolith helps us achieve our mission of democratizing finance and bringing the Token economy to everyone while providing a unique service to our customers."
There are now plans to bring further tokens into the monolith ecosystem.
Earlier this year, Bitcoin debit card Shift closed down operations.
Digix and MakerDAO Tokens Now Loadable Onto Monolith Visa Debit Card
Publicado en Aug 16, 2019
by Cointele | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.