BlackCoin’s community seems to be one of the most innovative in the cryptocurrency realm.
Just shortly after the release of BlackHalo, a smart contract system, BlackCoin has paired with Coinsis to create a BlackCoin debit card.
Coinsis
Coinsis is a platform for Bitcoin fund management which uses a credit card. Essentially, you store Bitcoin in a Coinsis wallet, and when you want to spend it you convert the funds into fiat. The transactions are then spent over Visa’s payment network.
It’s not exactly a Bitcoin payment solution since you need to convert to fiat in order to spend your bitcoins, but it’s a step in the right direction.
Coinsis has now developed a similar platform for BlackCoin. This will allow BlackCoin holders to spend BlackCoin anywhere Visa is accepted (sort of).
Before Coinsis can launch their BlackCoin card, some technical issues need to be worked out. These include transaction security and the technical implementation of BlackCoin’s code into Coinsis’ platform.
Why BlackCoin?
Coinsis is heavily interested in BlackCoin, and for good reason. With Litecoin’s fading fortunes recently, BlackCoin has risen to pick up the slack. BlackCoin has replaced Litecoin as the secondary market of choice on Bittrex, and many other innovative projects are coming out of the BlackCoin sphere.
BlackCoin’s market cap is still fairly small, sitting as the 15th largest. Meanwhile, Litecoin’s position as the second-largest remains secure regardless of its price drop.
If the development around BlackCoin continues, its future is certainly brighter than its name suggests.
BlackCoin Partners With Coinsis To Create BlackCoin Credit Card
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