There's a lot of physical crypto cards
for spending your hard-earned money,
and when we start reaching the peak of the bull cycle,
you are going to want to spend some of those gains.
Trust me.
If you don't, you will regret it during the next bear cycle.
We have yet another competitor in the space,
but I'll tell you why
you don't want to count this powerhouse completely out.
We're about to TERN up.
Let's get it.
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Welcome to BitBoy Crypto!
My name is Ben.
Everyday, I show you how to make money in cryptocurrency.
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Also, guys, the card we're going to be talking about today is the BlockCard.
If you want to sign up for the BlockCard,
a cryptocurrency card
that actually allows you to spend your crypto,
then make sure to go ahead and sign up at blockcard.bitboy.live
So, today, we're going to be discussing TERN or Ternio, the backer of the card,
and why this could be one of the biggest crypto companies entering the ring
of crypto cards thus far.
So, from the company's website,
Ternio supports multiple coins and is the only company enabling users to hold crypto
until the point of sale.
Other cards take a user's crypto, converts to fiat, and place the USD value on a card
which is the equivalent of buying a gift card.
However,
perhaps where Ternio shines the most is for businesses to use its product.
Ternio enables companies to build and scale their financial products
by bringing a suite of product APIs
that will integrate seamlessly within a company's current or future technology needs.
This includes allowing its clients to use smart contracts which can be imitated on its own blockchain.
Ternio is a multifaceted blockchain utilizing an internal blockchain called Lexicon
for smart contracts supporting transactions of advertisements and a communication layer
for ultra-fast programmatic data transfer,
according to its website.
Ternio's blockchain is also super fast,
verified at over 1 million transactions per second
and will scale higher based on a platform's need.
Speaking of 1 million transactions a second,
this company is actually partnered with-- that's right,
Visa,
becoming the first company to be accepted into Visa's Fast Track program.
Ternio is the first company to be a crypto enablement partner with Visa.
This is huge!
The company also has partnered with Litecoin,
which allows Litecoin to be spent at any of the roughly 61 million merchants
where Visa is accepted globally
with the Litecoin Card.
Partnering with Ternio will give Visa further interoperability
between legacy finance and blockchain
as the company has been exploring for the past few years.
Now, Ternio's blockchain is capable of high QPS programmatic advertising.
Sounds confusing, but it's actually not.
Unlike other crypto cards, Ternio has a multifaceted business model.
The company works to stop ad fraud which can occur in many forms.
Ternio enables brands and ad agencies to fight the most common forms,
giving control back to the buyer
with its blockchain and cryptocurrency TERNs.
According to the company's whitepaper,
the ad supply chain is often paid Net 60-90 at month's end.
Ternio expedites payments by allowing advertisers and publishers alike to transact instantly
based on individual impressions.
Publishers get instant, automatic payments without borders or fees.
Ternio doesn't stop at just the advertising industry though.
Oh, no!
They have their sight set on governance.
Ternio is working with the health and human services industry
to create a blockchain architecture
that can handle the scale of data and weight of artificial intelligence
being used to improve acquisition efficiencies of goods and services.
I think I'm in need of a good scale myself.
Now, if that's not enough,
the company also wants to aid the supply chain industry,
which Ternio has a curious partnership with Amazon as an Advanced Technology Partner,
allowing it to leverage Amazon business customers.
Ternio is the fifth blockchain to become a partner with Amazon.
Using blockchain provides complete transparency into every dollar spent---
with who, when and what for.
Payments can be made in complicated payment supply chains giving the flexibility
which allows for payments down an entire supply chain of work for subcontractors,
according to the website.
Ternio seeks to provide many different solutions for government and business alike,
like rapid payment processing,
white label solutions,
and contract processing.
There's one final industry that Ternio has scoped in on,
like a sniper, waiting, lurking in the grass, ready to take its shot,
and that's the financial industry.
Ternio's blockchain enables KYC entry to central bank digital currency.
The Lexicon framework provides a blockchain for any banking use case as well.
This includes clearance and settlements,
interbank transactions,
loans and credits.
Further, its blockchain can enable stock exchange and share trading,
crypto banking,
record sharing and storage,
and identity verification for securities.
Speaking of which,
Ternio isn't just offering these services to big financial services.
The company also allows individuals to set up a traditional checking bank account
for easy US and international payments processing and swapping between crypto and fiat.
You guys know I love a good swapper.
It's also to my knowledge the first crypto company
that has a federal deposit insurance corporation guarantee
which protects consumers against loss if their bank or SWIFT transactions fail.
Eligible bank accounts are insured up to $250K.
However, you may be unsurprised to learn
that your cryptocurrency assets are not FDIC-insured.
Again, I can't stress this enough
that Ternio is a powerhouse trying to use its blockchain and digital currency
for so many use cases,
leveraging almost every industry.
Now, we're going to be talking a lot more about the BlockCard in future videos.
The BlockCard is from TERN backed by Ternio.
If you're interested in getting a BlockCard,
make sure you guys click the link down below in the description
or visit blockcard.bitboy.live
Now, you can get your share of the company's success also
by purchasing its TERN cryptocurrency.
Ternio's own cryptocurrency is based on the Stellar and Ethereum blockchains,
which is worth noting that when using Stellar-based TERN,
transactions confirm in under 5 seconds for minimal fees.
TERN can be exchanged peer to peer without any wallet
that supports Stellar or Ethereum based assets,
but is given even more utility as the payment asset used on all Ternio products
including Lexicon and BlockCard.
TERN can be swapped between Ethereum and Stellar based versions.
But, now, it's time. Let's go and talk about the BlockCard specifically.
Like other crypto cards, BlockCard offers its users rewards back for spending their crypto.
If you participate in the TERN staking program on BlockCard,
you're entitled to earn crypto-back rewards on all of your purchases.
You receive crypto back in the form of TERN deposited into your BlockCard account
at the end of each month
based on your purchasing history.
The BlockCard Cryptoback Rewards are issued on every merchant purchase.
They can be viewed under the rewards transactions tab in the BlockCard account.
All Cryptoback Rewards are spendable on BlockCard.
Ternio says that BlockCard doesn't function like other crypto cards.
And I gotta say,
I agree.
The following is from their website.
Every BlockCard uses TERN as the default spendable asset.
This means all non-TERN deposits, such as Bitcoin, are instantly converted to TERN
when deposited to a user's BlockCard account.
The value of TERN on BlockCard is influenced by the usage of the BlockCard ecosystem.
As users deposit to their account,
the value of TERN increases.
As people spend, the value decreases.
The utility of TERN is built directly into the functionality and adoption of BlockCard.
BlockCard offers its users up to 6.38% crypto-back rewards on all purchases
depending on the amount of TERN staked,
similar to other cards.
BlockCard is also the only platform, to my knowledge, that supports paying with Apple Pay,
Google Pay and Samsung Pay,
bridging the gap between traditional digital finance solutions.
Also, I've discovered using Apple Pay is great
when you leave your wallet at home.
While also offering its users a plastic and virtual card with two unique card numbers,
BlockCard is also the first rewards program I've seen which allows you to compound your rewards.
Its website explains this phenomenon.
When you stake 145,000 TERN,
you will receive 6% Cryptoback Rewards worth of TERN.
If you spend $10,000,
you will receive $600 Cryptoback Rewards worth of TERN.
If you spend the additional crypto rewards of $600,
your additional Cryptoback Rewards worth of TERN
would be $36.
If you spend the additional crypto rewards of $36,
your additional Cryptoback Rewards worth of TERN would be
$2!
Your total TERN crypto rewards would be $638.
It compounds.
Now, earlier in this year,
in June, Ternio raised $1 million from 3,890 investors in a campaign on Republic.co,
but you can pick up the TERN cryptocurrency
on the following centralized
and decentralized crypto exchanges
seen here on this graphic.
Alright, guys. So, if you want to get the BlockCard, head on over to blockcard.bitboy.live
I want to see you in the program.
That's all I got.
Be blessed.
BitBoy out.