The Litecoin Foundation is known for its market-changing partnership deals and marketing campaigns, but the latest one seems to take the cake.
LTC Foundation has recently announced that it will be partnering with the Bibox Exchange in order to deliver a physical debit card to its customer base.
The crypto community will be given yet another plastic card, which they can use in order to pay for services or goods offline. According to the Litecoin Foundation, the coins used in the process will be LTC and Bibox Exchange’s native token called BIX (Bibox token), as well as Ternio’s (another partner) token called TERN.
The partnership makes sure that all three of the participants have their own area of expertise. For example, the Bibox exchange will facilitate and leverage an over $200 million trading volume every day, and Ternio will provide a specific platform required for the debit card.
The integration of the debit card will happen through the injection of the program on Bibox’s exchange and Litecoin’s official wallet LoafWallet.
Naturally, this is not the first debit or credit card to come out specifically for crypto investors, and it will definitely not be the last. Many experts are saying that making these cards one by one is not a benefit to the crypto society as very few have their investments consolidated in just one coin.
The statement is true, the average crypto portfolio contains no less than four or five different coins.
A collaboration between different crypto foundations would be much more beneficial, but who knows, maybe that’s where all of these companies are gearing up to?