Pay with Bitcoin: Spanish start-up announces debit card

The Spanish financial platform 2gether wants to issue a debit card for cryptocurrencies. With the card and the associated app, users can pay with seven cryptocurrencies as well as with Euro. From the 27th of March the token-presale starts. Customers will gain access to various services and become owners of the platform.

For crypto fans, it's an exciting ongoing theme: pay with Bitcoin & Co., without having to make cumbersome transfers. Debit cards that can be charged with cryptocurrencies allow just that. When paying in the restaurant or at the supermarket cashier is automatically converted into the respective fiat currency. The cardholder issues Ethereum, the recipient receives Euro.

There are still very few providers for this payment method. In early 2018, nearly all crypto-debit cards on the market were invalidated, including TenX and Bitwala. The reason for this was that the card issuer WaveCrest had lost its visa license.

Financial platform for cryptocurrencies and more

With 2gether's debit card, customers can either pay in euros or convert to one of seven crypto-currencies: ETH, BTC, XPR, BCH, EOS, XLM and LTC. The app lets you hold and manage euro and cryptos and buy and sell them in just two clicks. The card itself is free. It only requires an investment of at least ten euros in the company's token.

The start-up has set itself the goal of revolutionizing the financial market. CEO Ramón Ferraz in the press release:

"So far, there has been no specific customer-owned application that connects the crypto to the mainstream market. We are proud to be one of the first crypto companies to launch a token sale with an already finished product."

The young company deliberately wants to offer payment with cryptocurrencies as a first service. Because the team thinks that the crypto-community will adapt the functionality of the platform faster. In addition, normal users want to build a bridge into the world of cryptocurrencies.

Be your own bank

2gether sees itself as a next-generation financial platform that, according to its own statements, works exclusively for the benefit of its customers. The customers are also owners. Only five percent of revenue will be withheld for future investments (technology, marketing, etc.).

The business model includes its own token. The 2GT Coin enables users and product providers to access features on the platform and rewards members of the community for added value that helps grow the platform. It is an ERC20 token. The company is currently in the process of issuing it in Malta as Virtual Currency / Virtual Currency (VC). Malta is the first country to establish a regulatory framework for investor protection in the sale of tokens in the European Union.