Überstate Card Powered By Ternio Is Live!
A usual argument for fiat currency as opposed to cryptocurrency is that you almost can’t use the latter to purchase groceries or some other items for daily use (only in a few places). Well, by using a crypto-card, this is feasible. Here is an overview of the Uberstate card, one of the best cryptocurrency cards available in the market today.
General Information
On February 9, 2021, Jess Davis, Uberstate’s CEO, announced a partnership with Ternio. Ternio is a crypto cum fintech platform that helps stakeholders in the cryptocurrency space convert their crypto into real-world assets. In essence, it is a financial technology platform that enables its customers to convert their assets into real-world utility anywhere that accepts credit cards. As a result of this partnership, Uberstate now has its card powered by Ternio, The Uberstate Card.
What is the Uberstate Card?
The Uberstate card is an innovation that emerged from the zeal to bridge the considerable gap between digital currencies and the world’s economy. It is essentially a cryptocurrency card that holds your funds as a digital currency, RIT2.0 — Uberstate’s token on the Ethereum ERC-20 blockchain — and converts it into fiat whenever you want to make purchases. It works similarly to other traditional credit cards. However, instead of withdrawing from a bank account, you are doing so from your Uberstate wallet.
How Does the Uberstate Card Work?
As a holder of this card, you can spend the RIT2.0 in any place that accepts major credit cards, including physical PoS terminals, online retail outlets, etc. Well, if you own a Uberstate Card, you can also use it with Apple Pay, Google Pay, and Samsung Pay.
You can fund your account by depositing RIT2.0 into your unique deposit address. Pretty easy, right? Then platform holds your balances in the form of its token, RIT2.0, which you may manage and see at any time you intend to. So, anytime you want to carry out transactions using the card, the platform converts your crypto to cash at the time of purchase.
Why Uberstate Card?
Leveraging the Uberstate card will give you unrivalled access you use your RIT2.0 at any merchants. Although this service is still only available in the US, hopefully, it will extend across Europe as time goes on.
