Bancor and TokenCard Announce Partnership

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Today we are excited to announce an upcoming partnership between TokenCard, the first smart contract powered debit card, and Bancor, the first protocol for intrinsically tradable smart tokens. The partnership will allow smart tokens to be spent with TokenCards, and will offer TokenCards to Bancor’s end-users using and issuing smart tokens which will seamlessly work with TokenCard’s VISA Debit.

Guy Benartzi, CEO of Bancor added that “one of the smart token use-cases we’re very excited about is local currencies, which can now achieve continuous liquidity to other cryptocurrencies thanks to the Bancor protocol. What could be better than earning your community’s tokens and being able to immediately spend them at the grocery store? TokenCard is a natural complement to the long tail of user-generated ERC20 tokens that Bancor is enabling.”

The companies are both fundraising for their networks this month and will announce further details on the partnership rollout in the coming weeks.

Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains.

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