2gether recently announced that it is expanding into the rest of Europe after a successful beta release in Spain. The company has retained A.T. Kearney and KPMG as its chief advisors during the launch of its Visa-branded 2gether card, which allows users to pay with crypto all over Europe.
The new card aims to make it easier for crypto users to pay for their everyday purchases using crypto, which could lead to the mass adoption of crypto as a means of payment. The new card eliminates the need to transact through digital exchanges, or to remember personal keys to your crypto wallet, which makes it much easier to use crypto for frequent purchases.
The prepaid Visa (NYSE:V) debit card launched by 2gether allows users to spend their crypto holdings like they would spend euros using their linked debit cards. The new card finally integrates crypto payments into the daily lives of consumers, which makes it easy for them to pay using crypto every day, just by swiping their 2gether Visa card.
The 2gether card allows customers to:
- Pay using euros, or to convert their euros into one of the 7 major cryptocurrencies supported by the card, which are BTC, ETH, XRP, EOS, BCH, LTC, and XLM.
- Hold and operate both their crypto and euro balances within one app.
- Buy and sell different cryptos in two steps without paying a mark-up to the current exchange prices
The firm plans to incorporate machine learning and AI technologies within the 2gether platform to assist its users with product choices, financial management and with making investment decisions that are best suited to their needs, in future.
Ramon Ferraz, CEO of 2gether
The CEO of 2gether, Ramón Ferraz commented:
2gether is developing the bank of the future, where consumers can take full ownership and control of the services they use and go beyond solely interacting with euros and dollars. To date, there has been no consumer-owned, tangible application that connects crypto and the mainstream market. We’re proud to be one of the first companies in the crypto space launching a token sale with an already finished product.
The firm plans to issue a token pre-sale of the 2GT (2gether token) on 27 March 2019 as a virtual financial asset worth €5 million under the ticker symbol 2GT. The pre-sale will be open to all EU citizens who have downloaded and registered on the app by passing the KYC process. These users will then have access to all the services listed on the app.
2gether can be downloaded on the App store as well as on Google Play.