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Cryptocurrency Startup Has Just Released Zero-Fee Crypto Debit Card

  • Alex Dovbnya
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    The residents of 36 European countries are now able to order a zero-free trading card from HODL

Cryptocurrency Startup Has Just Released Zero-Fee Crypto Debit Card
Cover image via www.123rf.com
Contents

London-based startup HOLD has just announced its free zero-fee cryptocurrency debit card is now available for pre-order.

With the help of this #ZeroFeeCrypto initiative, the upstart company with a 20-strong team strives to increase the mainstream adoption of cryptocurrencies (something that the industry still struggles to achieve).   

An all-in payment app    

Apart from the card, HOLD has also rolled out a mobile app for buying and selling crypto with zero fees. It became available in 36 European countries from the get-go.

One will have to either conduct a SEPA transfer or deposit one of the added coins (Bitcoin, Ethereum or Litecoin) to their account. HOLD chips away at the growing no-fee market by letting its customers buy and sell crypto for free.         

Propelling merchant acceptance

Because of its partnership with Contis, HOLD users will be able to spend cash or crypto at any retailers that accept VISA payments.

Just like in the case with the Winklevoss-backed SPEDN app, merchants will not have to directly accept cryptocurrencies.   

Robust security 

BitGo, one of the top custodians on the market’s, will be responsible for “hodling” HODL’s coins.

HOLD also states that it rigorously follows KYC/AML requirements in order to prevent fraud.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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