Cardonio is a cutting-edge payment card. It is essential for every holder of Bitcoin and Ether Cryptocurrencies.
Key Statistics
Premise
4/5 – Pretty Good
Cardonio is a cutting-edge payment card. It is essential for every holder of Bitcoin and Ether Cryptocurrencies.
Its significant advantage over other cards is you will be able to purchase those items as credit, and you will be given a maximum of 90 days to settle the payment.
By utilizing existing Crypto holdings as security, holders can secure instant lines of credit. This method is a perfect solution for anyone who spends money in foreign currency around the world.
Team
4.5/5 – Excellent
The producer of the card is Gemalto which is one of the market leaders with EUR 3.1b in 2016 revenue and 15,000 employees in 48 countries.
Cardonio is connected with 8 out of the top 10 banks globally that grants them access to liquidity and low spreads.
Besides the core team, the back end handles settlement and deploys proprietary algorithmic currency hedging techniques.
Token
3.5/5 – Very Good
AES token will be secured and any attack against it will impossible, thanks to the Ethereum technology the company developed. With the token, it could also become possible for users to transact online or offline, and exchange their AES token into fiat money. AES tokens have direct utility, meaning, that the expected buyers of the tokens are also the main users of the service.
Features
4.5/5 – Excellent
Cardonio card has similar use with a credit card, but the noticeable difference is the amount via Cardonio Card can be used in real-time from either ETH or BTC.
Through the Cardonio Card, customers can top-up with Bitcoin, Ethereum, Litecoin, Monero, NEO, Ripple, Bitcoin Cash, Tether, DASH or Cardano.
You can transact using the Cardonio mobile app while you maximize the benefits from perfect interbank rates whenever you do purchase. Cardinio app covers 23 currencies and caters 120 countries worldwide for free.
Through a maximum of 90 days to settle payment, cardholders can enjoy the benefit of making purchases or payments in flat currency quickly. Also, if the Crypto price increases within the 90-period, holders can cherish the upside gains. Cardonio App claims that the users can expect to save as much as 25% on a single transfer. Imagine, there is a lot of convenience by sending money among Cardonio App users.
The system allows users to easily split bills with their friends or pay them back with a single swipe and a Touch ID authorization. The money will be sent quickly and for free on the receiver’s Cardonio Card.
Risk
3/5 – Medium Risk
How does Cardonio deal with cross-border charges? Cardonio is planning to partner with several parties to boost the advantage on cross-border transfers through existing banking networks. They do the best to send fund locally to eliminate the charge.
Is it safe to use Cardonio Card? The company implements card security management that includes card blocking, unblocking and setting up geographical security feature so that you can do online shopping with peace of mind.
Part of their plan is to let customers link the card to Apple Pay, Samsung Pay, and Android Pay for added convenience.
Where does Cardonio get revenue? Cardonio receives the fees from merchants to the acquiring bank to process the payment. Though the interchange fees vary based on whether the card was present or not, the average interchange fee is around 1.20%.
Like any other businesses, it seems difficult to evaluate with accuracy the prospects and future financial results. According to Cardonio’s whitepaper, Cardonio Card will always be treated by merchants as a local currency card, all the while providing users with perfect interbank exchange rates.
Summary
4/5 – Pretty Good
Cardonio Card allows users who stake their cryptocurrency to access fiat capital for credit card purchases. It solves the liquidity problem of cryptocurrencies while avoiding the current high transaction fees due to the immaturity of the market.
Also, utilizing the Cardonio card provides holders with more incentives to HODL cryptocurrencies. Your Bitcoin won’t be deducted since you will be paying with flat as soon as you can. Cardonio is the best source of foreign currency and is an excellent way to save money.
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Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.
The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
Reviews
Best Source of Foreign Currency
Not a crypto credit card but still good
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