The bear market is often said to differentiate between projects with actual use cases and others. This statement has been proven right by solution-oriented platforms proferring solutions across various walks of life while promoting the day-to-day use of cryptocurrency, which translates to an increase in mainstream adoption of cryptocurrency and blockchain technology.
These projects have remained focused on their goal despite the trend and setbacks in the cryptocurrency ecosystem. One of them is Unbanked, a leading crypto payment solution spearheading the ease of day-to-day transactions using cryptocurrency.
The platform offers globally accessible bank accounts, i.e. banks without borders. This serves as an easy and convenient way to buy, sell and make domestic and international transactions.
Unbanked Cards Launched in the UK and other European Countries
Despite the trends, Unbanked has continued to expand its reach and recently partnered with MasterCard to launch a cryptocurrency card program in the Uk and some parts of Europe to allow consumers to spend their digital assets easily.
The cards are available to residents of the United Kingdom and some European countries, namely, Portugal, Croatia, Bulgaria, Slovenia, Germany, France, Spain, Poland, Belgium, Greece, Finland, Latvia, Italy, Sweden, Liechtenstein, Denmark, Malta, Lithuania, Slovakia, Luxembourg, Estonia, Norway, Hungary, Czech Republic (Czechia), Romania, Ireland.
The residents of the named countries can register their interest by opening an account with Unbanked.com, depositing their cryptocurrency, waiting for approval, and then getting a card for spending their digital assets.
Also, Unbanked card holders can finance their user accounts with 15 different cryptocurrencies, including BTC, ETH, UNI, XLM, and UNBNK. The card offers a distinctive range of financial, payment, and crypto services that increase cardholders’ access to and use of digital currencies.
Since its founding in 2018, the business has provided services to thousands of customers and developed a strong user and investor community. Through its platform, Unbanked, which takes pride in its security, privacy, and compliance, is working to accelerate the mainstream adoption of cryptocurrencies.
When discussing the launch, Daniel Gouldman, Co-Founder and Co-CEO of Unbanked, commented, “Work has been ongoing for over two years building this exciting solution inorder to make the Unbanked cryptocurrency cards available to interested users in Europe. It’s nice to know that with this launch, the citizens of the UK and parts of Europe will be able to access to one of the most innovative crypto-powered cards on the market.”
The Unbanked’s infrastructure serves Web3 brands such as Litecoin Foundation, Nexo, StormX, Stacks, and other crypto industry leaders. With this expansion, all Unbanked partners will now have the option to make their card programs available to the Uk and other parts of Europe.
Unbanked Token and Tokenomics
The UNBNK token is the native token of the Unbanked platform. It serves as the base asset on the Unbanked card. When users deposit cryptocurrencies like Bitcoin, they are converted into UNBNK and held on the card until they are used for purchases.
Also, the UNBNK token can be used directly on Stellar and Ethereum without the need for wrapping. UNBNK can also trade it one-to-one between these two blockchain networks through the Unbanked.com platform, where Cardholders can also earn rewards by staking UNBNK, which can help them make up to 1% to 6% back on their card spend.
The UNBNK token has a maximum supply of 1 billion and a deflationary model, as users who withdraw UNBNK from the Unbanked.com dashboard are charged a 2% fee, resulting in a decrease in the overall supply.
Want to get UNBNK? UNBNK is currently only available on Uniswap, Sushiswap, Lumenswap and Unbanked.com.
- Uniswap: https://app.uniswap.org/#/tokens/ethereum/0x06b884e60794ce02aafab13791b59a2e6a07442f
- Sushiswap: https://www.sushi.com/swap
- LumenSwap: https://amm.lumenswap.io/swap/XLM/UNBNK
- Unbanked: https://unbanked.com/
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. DailyCrypto team encourages all to do their own research before investing.02:33 PM