FinTech and blockchain pioneers Elitium have simply launched the primary real bank card within the cryptocurrency house.
The Elitium Diamond Card gives an on the spot US $10,000 credit score line to cardholders. All candidates should do is deposit 100,000 EUM into their Elitium dashboard. Then, request to function an Elitium masternode.
World’s First Real Crypto Credit Card
Existing crypto bank cards require debtors to deposit a steadiness of Bitcoin to entry credit score in a second cryptocurrency: sometimes, stablecoin Tether. At face worth, this doesn’t replicate a real bank card providing.
In distinction, the Elitium Diamond Card gives a dollar-denominated credit score line of as much as $10,000. And this turns into immediately accessible as soon as the applicant features entry to their Elitium masternode.
All that’s required to run a masternode is the completion of a easy id verification course of, adopted by an EUM deposit. And the Diamond Card not solely gives a credit score line. It consists of a number of different advantages:
- Use the bank card in over 46 million retailers worldwide
- Get 1% cashback on all spending (in EUM, USD, or gold)
- Use your masternode rewards to repay your steadiness
The Diamond Card is predicted to be arduous to come back by. Given that every cardholder should function an Elitium masternode, there are simply eighteen in existence.
Spend EUM, Earn Gold.
Every diamond cardholder will obtain as much as 25% rewards from their masternode funding. And cardholders can use these rewards to repay their bank card steadiness.
Cardholders may even earn 1% cashback on all spending. And they will set a cashback choice within the Elitium Dashboard, selecting EUM, USD, even gold: a alternative that’s by no means been accessible on the earth of bank cards, not to mention crypto bank cards.
If they select gold, they are going to earn the valuable metallic each time they use the cardboard, receiving 1% of the full worth of every transaction within the type of PAX Gold: an ERC-20 token backed by actual LBMA-accredited London Good Delivery gold bar, which Paxos shops in essentially the most safe vaults on the earth. Cardholders may even redeem their gold bullion by way of a worldwide community of bodily gold retailers.
Thanks to this cashback innovation, customers have a easy solution to earn, maintain, and observe a portfolio of diversified property inside a fully-secured, easy-to-access platform — adapting their danger profile based on their preferences.
A remaining key level of distinction is, Elitium requires no proof of the candidates’ wage and performs no checking account checks, that means anybody can request a Diamond Card.
As a consequence, entrepreneurs, solopreneurs, or anybody with a much less typical earnings profile can safe a bank card. While the Diamond Card itself works extra like an everyday debit card, besides it permits cardholders to have a $zero steadiness and nonetheless spend. All with out charges, all because of the US $10,000 credit score line.
(Syndicated press content material)