Hash Card (scam)

Crypto-currencies are almost here, in our daily life. A few years ago, no one knew what is cryptocurrencies and what to do with them. Now, everyone is aware and accept the benefits of blockchain technology, and therefore the crypto-currencies themselves. There are more and more projects that will directly affect a person's life. With the growing number of cryptocurrencies, the need for their fast and convenient exchange also increases.

Hash Card

Hash Card is a debit card that gives you the opportunity to exchange cryptocurrencies in Fiat currency in real time. Thus, the card allows you to make an exchange without the need to convert cryptocurrency to your wallet.

The card will be used in the same places as any other cards of Visa or Mastercard payment systems. With this card, you can pay for any purchase or service in street retail or online stores.

Mary, a day trader closed her XRP/ETH place to enjoy a 12 ETH profit. Mary immediately transferred 5ETH to her Hash Card and booked into her favorite luxury spa in Paris. She did not need to wait for the exchange to send a traditional wire/SEPA transfer. The funds were instantly available for her to use on her Hash Card.

The card can use more than 25 different cryptocurrencies, including Bitcoin and Ether. Also added the ability to exchange cryptocurrency and keep the card balance in dollars to protect yourself from the risks of volatility.

For ease of use also developed an electronic wallet, available on iOS and Android devices.

The card does not have any service fees, except for the cryptocurrency exchange fee of 1.75% and cash withdrawal at the ATM in the amount of 2%. The absence of fees and additional charges means that in real terms the cardholder receives savings of up to 7% compared to conventional banks.

Competition

At the moment, there are two serious competitors who have already received sufficient fame in the cryptocurrencies world. This is a Monaco card with a total capitalization of 144 million dollars and TenX with a capitalization of 132 million dollars.

It is necessary to mention that the terms of service and provision of the card are very similar in all three cards. Therefore, Hash Card has a good chance to compete for a part of this payment market.

At the moment, even in the traditional fiat world, there are a huge number of banks and payment systems, and they are all competing for one or another part of the market. In the world of cryptocurrencies, there is no fully working payment system for the rapid exchange of cryptocurrencies everywhere in the world. Now, this market is at the stage of development, and those payment systems that will be the first to provide a stable and convenient operation of their cards, in the future will gain control over it.

Currently, the company has concluded an agreement with Bancor. HSHC tokens can now be purchased directly by BNT tokens or exchanged for any token submitted on Bancor.

Hash Card has already received more than 1,500 applications during the first 48 hours and raised more than $ 4.5 million in the token pre-sale process.