Litecoin News Today – August 31 – Litecoin Partners, Bibox and Ternio, Announce the Release Date of BlockCard, LTC Debit Card

Litecoin
  • Litecoin debit card, BlockCard, will be available in Q4 this year
  • BlockCard would be going live first in the UK
  • Litecoin community rejoices

Litecoin News Today – Litecoin is one of the world’s most popular digital currencies. The digital currency has been around for a while now and it has won the heart of many digital asset investors. The crypto project is also known for its numerous developments and partnerships. Litecoin recently partnered with Ternio and Bibox, and this partnership is about to bring a significant change to the Litecoin network and its community. Recently, the Litecoin Foundation took to Twitter to announce the forthcoming release of its debit card – BlockCard.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$57.58-2.59%

BlockCard is a Litecoin (LTC) debit card created in partnership with Ternio and Bibox. The Litecoin debit card would allow LTC holders to easily use and access their LTC holdings. During the partnership, the Litecoin Foundation promised to keep the LTC community updated on its cryptocurrency BlockCard.

Litecoin Debit Card, BlockCard, Will Be Available in Q4 This Year

Ternio recently announced the release date of the LTC debit card in the United Kingdom. Ternio disclosed the release date as a reply to the enthusiastic LTC community. The firm said that the LTC debit card is scheduled to happen in the fourth quarter of this year in the UK. The Litecoin Foundation announced its partnership with two top players of the digital currency market – Ternio and Bibox – in June this year.

Since then, they have been working together to develop a debit card that will allow Litecoin holders to spend their favorite coin, LTC. The coins of the two partners (TERN and BIX) will also be integrated into the card. LTC, BIX, and TERN users can use the card on both online and in brick-and-mortar stores. According to the announcement of the firm, cardholders can use it for settlements at any point-of-sale that accepts regular cards of global payment service providers. Bibox – which is a crypto trading platform – will provide Litecoin (LTC) cardholders with custody service.

BlockCard Would Be Going Live First in the UK

According to other sources, users can also spend Bitcoin (BTC) and Ethereum (ETH) with the card. According to the initial plan of the firms, the LTC debit card would first go live in the US before it gets to other countries. However, Ternio recently revealed that the LTC debit card would be happening in the UK in Q4 this year. The creator of Litecoin (LTC) – Charlie Lee – commented on the announcement saying:

“The new partnership with Ternio and Bibox would allow the Litecoin Foundation to help people use LTC on a daily basis.”

The Litecoin (LTC) community is really excited about this development, and they welcomed it with open arm. They believe this might help to boost the price of their favorite coin – LTC.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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