Embracing a new identity that symbolizes who they aim to reach, global fintech company Ternio unveils its new brand domain Unbanked. Under one identity, Ternio combines with its flagship product BlockCard in welcoming a new era of financial access and control.
Are you one of those people who don’t have bank accounts? Do you want an alternative service for your financial needs? Unbanked is the answer. Through this platform, you will take full advantage of cryptocurrency and traditional banking solutions for the first time in history.
Powered by blockchain technology, this unconventional product offering enables an untried solution suitable for individuals and businesses. Among its innovative services are bank accounts, debit cards, rewards, crypto purchase, and corporate financial solutions.
Uncompromised: Fiat and Crypto Together
Establishing a decentralized banking platform, Ternio initially focused on providing bank accounts for residents of the United States. With Unbanked, this will expand to offering Federal Deposit Insurance Corporation (FDIC) insured bank accounts to residents across the globe.
Customers may choose to put in custody their own money using a decentralized wallet. Moreover, Unbanked members can instantly move their fiat currencies and vice versa in a simple and seamless manner. Once they pass the know-your-customer (KYC) process, customers are instantly issued a virtual card that can be used on its own or integrated with a number of leading payment platforms.
Using digital currencies in the real world, the Unbanked digital card can be added to Apple Pay, Google Pay, or Samsung Pay for convenience. On the other, customers can also opt to receive a physical card that can be used similar to where debit cards are accepted.
Unstoppable: Rewards and Enterprise Financial Solutions
What is more, customers are able to earn up to 6.38% back in cryptocurrency on all purchases made using the Unbanked card. To be eligible for this, they must participate in the new company’s staking program. This might work similarly to the concept of the staking program of TERN (native crypto asset of Unbanked) wherein crypto back comes in the form of TERN deposited to a user’s BlockCard account per month, according to the user’s purchasing history.
Taking this into consideration, all crypto back rewards are spendable on the Unbanked card. TERN may be set as the default spendable asset. In other words, all non-TERN deposits are instantly converted to TERN when deposited to a user’s Unbanked account. This will keep the ecosystem running smoothly.
Furthermore, Unbanked will also offer a suite of enterprise-grade financial products like white-label card issuance, bank accounts, and financial toolkit APIs. If you are a business in need of crypto support, join hands with Unbanked to easily issue crypto debit cards and expand your digital asset utility.
Unbanked supports over 12 of the leading digital currencies and enables the direct purchase of BTC, ETH, and TERN, the native cryptocurrency of Unbanked. Thus, the comprehensive platform aggregates prices across multiple exchanges to ensure the best rate available.