ETH-funded Purchase with Cardonio Card Example
David is using his Cardonio Card for travel expenses so he tops-up his Cardonio account with 1 ETH before leaving the UK. Ups arrival in the United States, he needs to pay USD 16.00 for lunch at a local restaurant.
All he would need to do is swipe his Cardonio Card in the standard EFTPOS terminal currently being used by the business to accept credit/debt card payments. Cardonio’s server-side processing systems, instantly apply perfect interbank exchange rates to calculate that USD16.00 is the equivalent to GBP 12.30 at that precise moment. Based on the current exchange rate between GBP and ETH, provided by the highest daily volume exchange, GBP 12.30 is equal to ETH 0.057. Cardonio will pass on to customers the best-available exchange rate between GBP & ETH without any mark-up or fees. Cardonio will also cover the cost of GBP & ETH exchange rates (the maker/taker fees traditionally charged by cryptocurrency exchanges)No fees are applied for exchange between GBP & USD. Users will receive the perfect interbank exchange rate without mark-up.
This is by far the most cost-effective way to
spend ETH anywhere in the world!